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Federal litigation about the duty of public companies to disclose material trends affecting their business has slowly been gaining momentum. There is little likelihood that the federal judiciary will prove to be indifferent to the media clamor about incomprehensible off-the-books transactions, dubious accounting practices or unchecked self-dealing in public companies. It behooves all, therefore, to be aware of a controlling regulation known as Item 303.
April 11, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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