Author Description

Informal Corporate Disclosure Under Federal Securities Law, 2011 Edition examines the regulation of informal disclosure - e.g., press releases, speeches, analyst conference calls, webcasts, and investor roadshows - as distinguished from formal, highly structured disclosure in SEC filings. The coverage includes discussion of federal securities law, rules and court decisions; self-regulatory organization rules for listed companies, and standards of practice prescribed by the National Investor Relations Institute (NIRI). The 2011 Edition includes discussion of the NYSE's recent rule change on the use of company websites as a means of public dissemination of material information; the Supreme Court's Matrixx opinion on the materiality of adverse events reported in connection with pharmaceuticals; recent guidance regarding SAB No. 99 memoranda; new staff guidance on Regulation FD; discussion of regulatory issues raised by company use of blogs, discussion forums and social media; guidance on non-GAAP financial measures; and case law on pre-merger negotiations.