Question

NHT, Inc. has been involved in a lengthy lawsuit involving their accounting procedures and whether they misrepresented their earnings in order to increase their stock value. NHT, Inc. has appealed the latest ruling to the US Supreme Court. A writ of certiorari has just been issued by the Supreme Court. What action will now be taken?

Answer 1

None.

Explanation: No action can be taken against NHT inc yet, as this just means the supreme court will be reviewing this claims further before it can issue a ruling. So it a matter of NHT waiting for the final ruling from the Supreme court to know if their appeal is granted. The supreme court is reviewing their case in this scenario.