(Credit: vladwel/Adobe stock) High Interest Rates Derail Grand Plans, Make Companies Vulnerable to Failure-to-Disclose Suits
Nuclear reactor company NuScale Power's failed Idaho project has spurred at least one lawsuit so far from plaintiff attorneys who say executives' comments about the likelihood of pulling it off were overly rosy.
December 12, 2023 at 08:07 AM
5 minute read
The original version of this story was published on Corporate Counsel
CEOs tend to be optimistic by nature, but if they're too upbeat about what lies ahead they're likely to stir up the always-lurking plaintiff's bar, which seizes on unfulfilled business plans as evidence a company failed to disclose material business risks.
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