Case 10-5 Danle Corporation Danle Corporation (Danle), a public company, conducts business activities primarily related to the design, development,...

Discuss whether you believe that the conclusion reached by Danle to omit disclosure relating to the class-action litigation was appropriate for the year ended December 31, 2009If Danle’s Form 10-Q for the quarter ended March 31, 2010, were to be reviewed by the SEC’s Division of Corporate Finance, what comments may Danle expect to receive regarding its disclosure in that period? Discuss the basis for the comments you have identifiedIf Danle’s Form 10-K for the year ended December 31, 2010, were to be reviewed by the SEC’s Division of Corporate Finance, what comments may Danle expect to receive regarding its disclosure in that period? Discuss the basis for the comments you have identified