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Simple English definitions for legal terms

bespeaks-caution doctrine

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A quick definition of bespeaks-caution doctrine:

The bespeaks-caution doctrine is a rule in securities law that says if a company provides information about its future performance, like predictions or opinions, and also warns investors that things might change, then that information is not considered misleading. This rule was made official in 1995 to protect companies from lawsuits if they provide cautionary language with their soft information.

A more thorough explanation:

The bespeaks-caution doctrine is a principle in securities law that states that if a prospectus contains soft information, such as forecasts, estimates, opinions, or projections about future performance, and is accompanied by cautionary language that adequately warns investors that actual results or events may affect performance, then the soft information may not be materially misleading to investors.

For example, if a company includes a forecast of future earnings in its prospectus, but also includes a statement that the forecast is based on assumptions that may not be accurate and that actual results may differ, then the bespeaks-caution doctrine may apply. This is because the cautionary language warns investors that the forecast may not be accurate and that actual results may differ, which reduces the risk of investors being misled by the soft information.

The bespeaks-caution doctrine was codified in the Private Securities Litigation Reform Act of 1995, which aimed to reduce frivolous securities lawsuits by providing a safe harbor for forward-looking statements that are accompanied by meaningful cautionary language.

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babycat
18:06
she must’ve had weird vibes if it’s a long story
Kittencattigermeow
18:08
does anyone know what issues UNH is facing?
guys i just spent $200 on groceries. joe biden why did you do this to me
will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
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