United States:
Ninth Circuit Affirms Shareholders Cannot Sue Corporate Officers For Forward-Looking Projections That Don't Pan Out
18 February 2021
Proskauer Rose LLP
To print this article, all you need is to be registered or login on Mondaq.com.
It is illegal under the Securities Exchange Act to make false or
misleading statements to the investing public about material facts.
At the same time, corporations and their officers must be able to
make statements about the company's future plans, projections,
and aspirations without fear of opening themselves up to claims of
securities law liability should the company's achievements fall
short of its ambitions. The Private Securities Litigation Reform
Act, therefore, has carved out a "safe harbor" for
certain forward-looking statements, including forward-looking
statements accompanied by meaningful cautionary language, and
forward-looking statements made by someone who does not know the
statement to be false or misleading.
Read the full post on Proskauer's Corporate
Defense and Disputes blog.
Ninth Circuit Affirms Shareholders Cannot Sue
Corporate Officers For Forward-Looking Projections That Don't
Pan Out
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from United States
ADA Compliance And Retail Websites
Klein Moynihan Turco LLP
For several years, consumers have flooded the Western District of Pennsylvania ("WDPA") with Americans with Disabilities Act ("ADA") compliance lawsuits, alleging that companies...
Chapter 3: Subcontractor Bonds
The Cromeens Law Firm
All they had to do before starting was to obtain a payment bond and a performance bond for the full amount of its subcontract. This was a requirement, so they did it. After they got...
Chapter 2: Subcontract Documents
The Cromeens Law Firm
The first rule about subcontracts is…there are no rules. Whatever you sign in a subcontract will be used against you.