Multiple Choice
Which of the following was the result in Hartleib v.Sirius Satellite Radio et al.,the case in the text in which shareholders of Sirius sued Sirius XM after a merger claiming that Sirius executives decreased stock prices by entering into agreements with XM to the effect that both companies would refrain from looking at other merger deals?
A) That the plaintiffs' generalized statements failing to identify specific wrongful acts and coming after changes in board membership were insufficient.
B) That the plaintiffs' statements, while generalized, were sufficient but that the plaintiff failed to file the complaint in a timely manner.
C) That the plaintiffs' statements were sufficiently specific, that the complaint was filed in a timely manner, and that a trial would be conducted later.
D) That the plaintiffs' statements were sufficiently specific, that the complaint was filed in a timely manner, and that the plaintiff was entitled to damages as a matter of law.
E) That the plaintiffs had no authority to proceed after the merger.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Which of the following is true in
Q55: Sally is the president of ABC Corporation.In
Q56: Which of the following is false regarding
Q57: Which of the following is a term
Q58: Which of the following is true regarding
Q60: In which of the following does an
Q61: Set forth the three circumstances listed in
Q63: The boards of directors of all involved
Q64: Federal securities law does not require that
Q67: Which of the following is false regarding