2nd Circ.'s First Analysis Of The PSLRA Safe Harbor

Law360, New York (June 18, 2010, 2:29 PM EDT) -- Fifteen years after Congress passed the Private Securities Litigation Reform Act of 1995, the U.S. Court of Appeals for the Second Circuit has weighed in and provided substantial guidance on one of the Reform Act's signature provisions — the "safe harbor" immunizing issuers and their officers and directors for liability arising from qualifying forward-looking disclosures. See Slayton v. American Express Co. et al., case number 08-cv-5442, 2010 WL 1960019 (2d Cir. May 18, 2010).

In Slayton, the Second Circuit addressed in substantial detail a full range...
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