Read the following two cases:Ernst Ernst v. Hochfelder, 425 U.S. 185, 96 S. Ct. 1375, 47 L. Ed. 2d 668, 1976 U.S. LEXIS 2, Fed. Sec. L. Rep. (CCH) P95,479(Links to an external site.)(Supreme Court of the United States, March 30, 1976).Harrison v. Westinghouse Savannah River Co., 176 F.3d 776, 1999 U.S. App. LEXIS 9312(Links to an external site.)(United States Court of Appeals for the Fourth Circuit, May 17, 1999, Decided).Compare and contrast the two cases, providing analyses and critical evaluations of each with reference to the other regarding:The type of fraud at issueThe legal theories discussedThe result of the caseNote that what is requiredis not a summaryof the cases. Instead, offer an informed discussion of your thoughts on fraud liability and the rules for fraud liability, based on the specifics of what you have learned in Module 4. Consider the different scenarios for fraud liability, including those based on an individual, a business, or an employee committing fraud on behalf of an unknowing business.Finally, address the remedies available in such fraud actions. How do remedies in fraud actions attempt to address fairness, and how are they successfulor not successfulin this respect? In answering these questions, research an additional case that supports your position.
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