The CEO of Sun Microsystems Inc. thinks it is high time the SEC allows company blog posts to supplant traditional press releases to inform investors. SEC Chairman Christopher Cox recently responded positively to the concept in his own blog-posted response to Sun CEO Jonathan Schwartz, providing an opening for re-examination of SEC Regulation FD, which outlines the accepted means by which companies share material information with the marketplace. It’s enough to give plaintiffs lawyers heart palpitations.
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Posted on Thursday, November 23rd, 2006. Filed under: Business Law, Law Misc
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