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First Data's disclosure that the misstatement was caused by use of derivatives no doubt spooked the market.
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J. D. Gordon, Mr. Cain's communications director, said some of the misstatements had been caused by the breakneck pace of the campaign and "consecutive days of four, five hours of sleep a night".
So, while the share price henceforth will be higher than it would have been but for the misstatement, the misstatement will not change the share price from what it had been right before the misstatement was made.
In due time, the misstatement was found to be an even more staggering $11 billion.
If the misstatement was material, it could be a disclosure violation, just as in the first example.
Under our law, to establish liability for misstatements when the board is not seeking shareholder action, shareholder plaintiffs must show that the misstatement was made knowingly or in bad faith.
To prove reliance, a plaintiff, whether proceeding individually or as a class member, must show that his stock transaction was caused by the specific alleged misstatement.
The company said that the deliberate misstatements had a minor effect, while most of its problems were caused by accidental errors.
The misstatements are so shocking".
The Administration's efforts to correct the misstatements were feeble and belated, the judge said.
That notwithstanding, the burden was on me to prove that the misstatements weren't true.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com