SEC Issues Interpretive Release Regarding Use of Company Web Sites

Because many intellectual property professionals are often called upon to handle business law matters that involve technology (but not pure IP), I’d thought many readers would be interested in an article recently published by my colleague Zakiya Black.  The article highlights a recent Securities and Exchange Commission (SEC) guidance about the use of corporate websites for dissemination of disclosure documents, and corporate liability for website content.    As the article explains,

The Release principally focuses on four areas:

• when information posted on a company Web site is considered “public” for purposes of Regulation FD relating to selective disclosure of material information
• company liability for information on its Web site(s), including previously posted information, hyperlinks to third-party information, summary information and the content of interactive Web sites
• the need for companies to implement disclosure controls on and procedures for information presented on a Web site intended for investors, and
• the format of information that may be presented on a company Web site intended for investors, with the focus on readability, not printability.

For the full article at the Pepper Hamilton LLP website, click here.