The SEC issued long-awaited guidance on August 1, 2008 regarding the use of company websites as the sole means of disclosing information to investors. Companies with websites meeting the required criteria may post information solely to their websites rather than using newswire services or Form 8-Ks. The guidance also addresses liability for historical information, third-party hyperlinks, blogs and electronic forums and summary information. Read on for a summary of the guidance and practical steps to implement it.

For more information please contact the White & Case lawyer with whom you regularly discuss securities matters or any of the following lawyers:

Colin J. Diamond
Partner, Securities Practice
+ 1 212 819 8754

N. Adele Hogan 
Partner, Securities Practice
+ 1 212 819 8626

Gary Kashar
Partner, Securities Practice
+ 1 212 819 8626

Kevin Keogh
Partner, Securities Practice
+ 1 212 819 8227

Kenneth Suh
Partner, Securities Practice
+ 1 212 819 8200
 

This Securities Update is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This Update should not be acted upon in any specific situation without appropriate legal advice, and it may include links to websites other than the White & Case website. White & Case LLP has no responsibility for any websites other than its own, and does not endorse the information, content, presentation or accuracy, or make any warranty, express or implied, regarding any other website.

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© 2008 White & Case LLP