Companies of all kinds are apparently being a little more diligent when it comes to litigation risk in the 20F/40F filing season, as Jesse R. Morton points out in a post on Westlaw Business Currents titled “Global Disclosures: Litigation Risk.”
Morton examines several areas, including intellectual property, activity in developing legal regimes and the environment.
On IP, the post says IP-related litigation risks appear in many annual reports as companies describe the lawsuits and legal proceedings they are involved in. Also standard is “a disclosure that results of litigation are uncertain and occasionally result in materially significant losses.”
Morton closes by thinking about how disclosures are framed by companies, either as being confident, or not, in their legal proceedings:
Make no mistake about it—disclosing litigation risk is not an exact science, but as the plethora of examples show, erring on the side of disclosing may be the key.
You can read the full post on Westlaw Business Currents.
Posted by Kevin Hunt in:
In Practice | Practice tips |
