John C. Coffee Jr., the Adolf A. Berle Professor of Law at Columbia University Law School, writes that corporate counsel who realize that their company has made a materially false statement which needs to be corrected may behave very differently under the incentives that the post-Dura case law now presents, because the prospect of financial liability can seemingly be minimized depending on how corrective disclosure is made.
New York Law Journal
May 18, 2006
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