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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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Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
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