RE: RE: newsFor reference:
Securities Litigation: The Mechanics of the "Safe Harbor"
By Morgan Smock of Pillsbury Winthrop Shaw Pittman LLP
The
Safe Harbor provisions of the Securities Litigation Reform Act afford substantial protection for: (i) "forward-looking statements"; that are (ii) made by a person eligible for safe harbor protection; are (iii) identified and accompanied by certain information; and (iv) do not pertain to a matter excluded by the Act. This outline summarizes the structure and mechanics of the statute's actual text. For a discussion of recent judicial interpretations of the Safe Harbor,
see the accompanying article
Securities Litigation: Lower Courts Begin to Open the Safe Harbor.