In search of safe disclosure

Comments (0) | 1 Sep 2009 | Rating | Print by Neil Stewart

Securities lawyer Michael Clarkson advises on safe forward looking statements for your company.

Before safe-harbor protection for forward-looking statements was introduced in the Private Securities Litigation Reform Act of 1995, making predictions that failed to come true often triggered nasty lawsuits. If a company missed an earnings projection, even by just a cent or two, a class-action lawsuit accusing management of lying could ...

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