When to Use Forward Looking Statement Disclaimer
Thank you for reading this sample forward-looking statement. To advance and develop your career, we strongly recommend the following resources: Oral statements are also covered by the PSLRA, provided that the statement is accompanied by a disclaimer of forward-looking statements. It is very important that a disclaimer for forward-looking statements avoid standard language and address facts and circumstances that are specific to the company in question. If the PSLRA can be relied upon, its protections are very extensive. In other words, in a private dispute alleging fraud or misrepresentation, a data subject shall not be liable for forward-looking statements, whether written or oral, if the forward-looking statements are properly identified and labelled as a forward-looking statement and are accompanied by significant cautionary statements that identify important factors that could cause the results to differ materially from those of forward-looking statements. Disclaimers for forward-looking statements appear in almost everything related to the SEC and public companies, from registration statements to reports filed under the Securities Exchange Act to press releases. Like many warnings, they are usually overlooked by readers, sometimes by lawyers who review or prepare documents. On many occasions, we will have a new client who speaks to the company and who has been using the same disclaimer of forward-looking statements for years, who has been constantly cut and inserted into each document and who would not provide the protection provided if it were ever tested. In the case of In re: Harman International Industries, Inc. Securities Litigation, the D.C. The Court of Appeals noted that the Safe Harbor requirement for “significant” warnings requires “substantial company-specific warnings based on a realistic description of the risks applicable to the circumstances.” Accordingly, “cautionary statements should be material and appropriate to any specific future projections, estimates or opinions contained in [forward-looking statements]. The Court also concluded that the standard standard “does not meet the legal standard because it is of a general and pervasive nature, is not adapted to the particular circumstances of a commercial transaction and is not of useful quality.” Subject to certain exceptions to the law, the Private Securities Litigation Reform Act of 1995 (PSLRA) has imposed safe harbor provisions for forward-looking statements, whether written or oral: You are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they are made.
Vivendi assumes no obligation and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements attributable to Vivendi, its affiliates or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth in this section. The following are some hypothetical examples of forward-looking statements: The disclaimer for forward-looking statements should be used whenever a company makes written or oral statements about any of the following types of information: The protection of forward-looking statements granted by the PSLRA extends to (i) a company that is subject to the reporting requirements of the Exchange Act (i.e. not just a voluntary applicant); (ii) a person acting on behalf of such a corporation (officer, director or employee); (iii) an external auditor appointed by the entity to make a statement on behalf of an entity; and (iv) a subscriber with respect to information provided by the Company or information derived from information provided by the Company (“Data Subjects”). The PSLRA also provides protection against liability if the forward-looking statements are insignificant or if the applicant fails to prove that the statements were made with the actual knowledge that the statements were false or misleading. The wording of the disclaimer disclaimer should be reviewed and updated regularly. It should warn against specific and significant risks, include a discussion of actual developments relevant to the risks and avoid standard or general risks that apply to each company. Although the forward-looking statements contained in this presentation are based on assumptions that the Company`s management believes to be reasonable, there can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. The Company assumes no obligation to update any forward-looking statements if circumstances or management`s estimates or opinions change, except as required by applicable securities laws.
The reader is cautioned not to place undue reliance on forward-looking statements. The information on this website about products under development may contain forward-looking information within the meaning of applicable securities laws (collectively, forward-looking statements). Forward-looking statements are provided to enable potential investors to understand management`s beliefs and opinions regarding the future so that they can use those beliefs and opinions as a factor in evaluating an investment. The company may not be able to successfully develop and commercialize these products eventually. Laura Anthony, a securities lawyer, and her experienced legal team provide ongoing management advice to small and medium-sized private companies, publicly traded and over-the-counter companies, and private companies that go public on the Nasdaq, NYSE American or OTC markets such as OTCQB and OTCQX. For more than two decades, Anthony L.G., PLLC has provided its clients with fast, personalized and state-of-the-art legal services. The firm`s reputation and relationships provide clients with invaluable resources, including introduction to investment bankers, broker-dealers, institutional investors and other strategic alliances. Wife. Anthony and his firm represent both target and acquiring companies in connection with M&A transactions, including the preparation of transaction documents such as merger agreements, share exchange agreements, share purchase agreements, asset purchase agreements and reorganization agreements. ALG`s legal team helps pubcos comply with the requirements of federal and state securities laws and SROs such as FINRA for 15c2-11 applications, name changes, reverse and direct splits, and change of residence. Ms. Anthony is also the author of SecuritiesLawBlog.com, the leading source of news on the small and mid-cap industry, and the producer and host of LawCast.com, Corporate Finance in Focus.
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