Sneak previews as securities law violations

by Walter Olson on August 30, 2005

The Securities and Exchange Commission is apparently looking into the question of whether for a movie company to hold prescreenings of upcoming movies for stock analysts “constitutes disclosure of material information to a group of select people”, thus potentially running afoul of public disclosure regulations. Bruce Carton (Aug. 26), Larry Ribstein (Aug. 26) and Tom Kirkendall (Aug. 29) comment.