The customers are suing Gordon and Moore under the anti frau

The customers are suing Gordon and Moore under the anti fraud provisions of section 10(b) and rule 10b-5 of the securities exchange act of 1934 for aiding and abetting the fraudulent scheme of the officers

The customers are suing Gordon and Moore under the anti fraud provisions of section 10(b) and rule 10b-5 of the securities exchange act of 1934 for aiding and abetting the fraudulent scheme of the officers


Solution

Yes it is true that the customers are suing Gordon and Moore under the anti fraud provisions of section 10(b) and rule 10b-5 of the securities exchange act of 1934 for aiding and abetting the fraudulent scheme of the officers. The reason behind this is that the company was auditor of Fox Company. They have audited their financial statements as well. Fox Company had cheated their customers by fraudulent scheme, Gordon and Moore had neglected the frauds in their audits.

Now the custom are blaming Gordon and Moore in aiding and motivating Fox Company fraud

The customers are suing Gordon and Moore under the anti fraud provisions of section 10(b) and rule 10b-5 of the securities exchange act of 1934 for aiding and a

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