Legal Question in Securities Law in Delaware

The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 8-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public.

Sounds a bit interesting. I do securities litigation. If you are interested in pursuing this, please send me an email.

Regards, Attorney Daniel Bakondi

The Law Office of Daniel Bakondi, APLC

870 Market Street, Suite 1161

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www.danielbakondi.com

Daniel Bakondi, Esq. [email protected] 415-450-0424

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