Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Corporate Disclosure: The Twitter Effect
In May, the New York Stock Exchange implemented new rules allowing for the use of corporate Web sites as a primary vehicle for disseminating material company information. Coming several years after the Nasdaq Stock Market made a similar change, the NYSE's amended Immediate Release Policy no longer requires ' but continues to encourage ' NYSE-listed companies to use press releases as the primary means of distributing material information (see, www.sec.gov/rules/sro/nyse/2009/34-59823.pdf). With certain restrictions and conditions, companies may instead disclose such information to investors via any Regulation FD-compliant method, which may include the use of corporate Web sites and other advanced communications technologies (see, www.sec.gov/rules/final/33-7881.htm).
The move has been widely seen as needed and as an inevitable nod to the emergence of the Internet as one of today's main communications tools for both businesses and individuals. The new rules also follow on the heels of guidance issued by the Securities and Exchange Commission (“SEC”) in 2008 (see, www.sec.gov/rules/interp/2008/34-58288.pdf) on how company Web sites can serve as a primary means of public communication without violating the SEC's general antifraud rule, Rule 10b-5 (see, www.law.uc.edu/CCL/34ActRls/rule10b-5.html), or Regulation FD. (See, “Commission Guidance on the Use of Company Web Sites,” Aug. 1, 2008, available online at www.sec.gov/rules/interp/2008/34-58288.pdf.) Rather than changing SEC regulations, the Web site guidance is considered to be an updated interpretation of existing law as it applies to the risks and opportunities inherent in these emerging technologies.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.