The pending lawsuits in the notes to the financial statements of 10-Ks of most corporations are most likely all of the following except:
A) anti-trust actions.
B) intellectual property infringements.
C) tax claims.
D) RICO activities.

Question

Quizplus · Accepted Answer

While anti-trust actions, intellectual property infringements, and tax claims are common types of lawsuits that corporations may face, RICO (Racketeer Influenced and Corrupt Organizations) activities are less common and may not be included in the pending lawsuits section of most corporations' 10-Ks. RICO activities refer to a type of organized crime that involves illegal activities such as money laundering and fraud.

The Pending Lawsuits in the Notes to the Financial Statements