SEC Issues Important Guidance on the Use of Company Web Sites

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The Securities and Exchange Commission published

guidance regarding the use of company web sites under

the Exchange Act and the antifraud provisions of the

federal securities laws, effective August 7, 2008. The

interpretive release focuses on when information posted on

a company web site is "public," liability for information on

company web sites, controls and procedures with respect

to such information, and the format of information

presented.

Pryor Cashman partner Edward C. Normandin and

associate Robert C. Lamonica have written an informative

Legal Update about the guidance.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pryor Cashman LLP | Attorney Advertising

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