(SOLVED) Diversified Graphics Ltd hired Ernst Whinney to

assist it
Diversified Graphics, Ltd., hired Ernst & Whinney to assist it in obtaining a computer system to
fit its data processing needs. DG had a long-standing relationship with E&W and developed
great trust and reliance on E&W’s services. Because DG lacked computer expertise, it decided
to entrust E&W with the selection […]

The managements of Combustion Engineering, Inc. (CEI), and Basic, Inc., entered negotiations
regarding CEI’s acquiring Basic. Despite the secrecy of the merger negotiations, there were
repeated instances of abnormal trading in Basic’s shares, with trading volume rising from 7,000
per day to 29,000. Basic issued a public statement that “the […]

Commonwealth Edison Co. registered 3 million common shares with the SEC and sold the
shares for about $28 per share. The price of the purchasers’ stock dropped to $21 when the
Atomic Safety and Licensing Board denied ComEd’s application to license one of its reactors. It
was the first and […]

Real Options, Inc. (ROI), is a company not required to provide periodic reports to investors
under the Securities Exchange Act of 1934. ROI wants to raise $700,000 by selling preferred
shares to 150 investors, including its customers, suppliers, and employees. Is ROI eligible to
make the offering under Rule 504 […]

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Myron Lasky was a shareholder in Kramett, Inc., a manufacturer of novelty candies. When
Kramett’s business declined, its board of directors chose to save the business by selling it to a
larger candy company; Narron Confectioners, Inc. Narron’s shares were trading on the market
at $9.25 per share, while Kramett’s […]

Shareholders of Barney Slaney, Inc., brought a derivative suit against the corporation’s board
of directors for failing to supervise adequately the corporation’s loan officers, who made several
high-risk loans to substandard borrowers. Almost 40 percent of the high-risk borrowers
defaulted on the loans, resulting in a loss of $55 million […]

Gimble Hardt Corporation (GHC) is a manufacturer of aluminum wiring. Jason Gimble owns 82
percent of the 2 million outstanding shares of GHC. The remaining 360,000 shares are owned
by 832 minority shareholders, none of whom owns more than 1,200 shares. Gimble wants to
freeze out the minority shareholders using […]

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