Carl Levin said...

You have an obligation to tell your purchasers as an underwriter complete and truthful information.

Levin emphasizes the duty of underwriters to provide full disclosure to investors.

04/12/2010

More Carl Levin Quotes

If they lived up to the contract, is my question.

Exactly. It was important to you, however, that they move to another warehouse. Is that correct?

That would be a $6.5 million penalty for 100,000 tons of aluminum.

You paid them to move 70,000 tons, did you not? You gave them a discount. Is that correct?