James Deeken Article Published by Securities Regulation Law Journal
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“Projections, Forward Looking Statements and Safe Harbors: A Review and Analysis of The Valuation Treadmill,” an article by Akin investment management partner James Deeken has been published by Thomson Reuters’ Securities Regulation Law Journal.
The article, which discusses UCLA Law Professor James J. Park’s book The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies, touches on a series of points and proposals raised by Prof. Park in his book concerning the nature and challenges of projections and forward looking statements. In addition to a case study involving Apple and an early 1980s securities settlement involving liability for failing to meet a projection, James discusses other case studies analyzed by Prof. Park involving Xerox and Enron.
He closes by stating, “The Valuation Treadmill serves a dual purpose of (i) effectively educating the reader about the evolution of modern securities law and (ii) going a step beyond to provide analysis and thought provoking questions and proposals. The tightly written case studies alone make a rare nonfiction book page turner in parts.”
To read the full article, click here.
