The maximum penalty for making fraudulent statements to the federal government is five years in prison and a $ 250, 000 fine.
12.
Mohamed has not been charged with any terrorism-related crime, but authorities filed a criminal complaint charging him with making fraudulent statements.
13.
Trial lawyers, state regulators and consumer groups oppose it, saying the measure will leave investors with little protection against fraudulent statements by company officials.
14.
The accusation came after Yahoo rejected an advertisement supporting Proposition 211, which would make it easier for shareholders to sue companies for making fraudulent statements.
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The players are accused of illegally obtaining permits by signing fraudulent statements and using the placards to park in preferred lots on the crowded UCLA campus.
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If a plaintiff's complaint does not specifically identify the allegedly fraudulent statements and explain why they were misleading, the complaint will be dismissed.
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State regulators and consumer groups also argued against the bill, saying it would rob investors of protection against fraudulent statements by companies, accountants and brokers.
18.
A victim who sued would have to provide, in his first court filing, specific alleged facts showing that the defendant knowingly or recklessly made fraudulent statements.
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The legislation has been opposed by trial lawyers, state regulators and consumer groups; they say that the measure will leave investors with little protection against fraudulent statements.
20.
The minute the stock in a given company takes a nosedive, the lawyers file suit-- claiming that the price drop indicates the company had misled investors with fraudulent statements.
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