Use of Company Web Sites to Disseminate Information


In a recent posting on his New York Times DealBook blog, Andrew Sorkin explores whether companies that use their Web sites to disseminate earnings releases and other news give savvy investors a market advantage.  Sorkin expresses doubts about the practice and argues that it hinders investors’ ability to readily locate market moving information.  

The practice is consistent with an SEC interpretive release (PDF) which provides guidance on how to provide information to investors on company Web sites in compliance with federal securities laws. 

OUR TAKE:  If your company is exloring whether to use its Web site in lieu of some other disclosure mechanism, such as a press release, to make any required public disclosure, you should carefully review the SEC guidance to ensure that the disclosure is sufficiently “public.”  Toward that end, you may find our client alert on the topic helpful.

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

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