"Because, if a 'reasonable person' today (for example) bought $3M worth of shares, and the CEO has made the judgement we don't need to know anything further about the court case, particularly after being requested to provide clarification....then that court case does go pear shaped.....I'd be concerned about the liability that may arise for our CEO and Board."
This is also of concern to myself and others. I sure hope withholding information doesn't come back to bite them
ferroglobe-accuses-asx-company-of-using-confidential-ip-after-failed-collaboration, page-333
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