A Few Rules Of Thumb About Press Releases

Press releases, even social media posts, can draw attention from both regulators and the plaintiff bar. “Treat your posts on social media with the same caution as SEC filings and formal press releases,” say the authors of this Today’s General Counsel article, as they cover some of the more important cautions that general counsel and other executives need to keep in mind with regard to this risk. Included are some specific examples of how conveying certain kinds of information can be problematic, and how the language can be tweaked and qualified in a way that makes it both more accurate and less actionable. Keep in mind, the authors note, that in some situations reticence is not a solution. On the contrary, disclosure may be required.