Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section77z-2&num=0&edition=prelim
Timestamp: 2018-09-21 20:02:24
Document Index: 673324164

Matched Legal Cases: ['§ 77', '§77', '§27', '§102', '§301', '§985']

[USC04] 15 USC 77z-2: Application of safe harbor for forward-looking statements
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15 USC 77z-2: Application of safe harbor for forward-looking statements Text contains those laws in effect on September 20, 2018
§77z–2. Application of safe harbor for forward-looking statements
(1) an issuer that, at the time that the statement is made, is subject to the reporting requirements of section 78m(a) or section 78o(d) of this title;
Except as provided in subsection (b), in any private action arising under this subchapter that is based on an untrue statement of a material fact or omission of a material fact necessary to make the statement not misleading, a person referred to in subsection (a) shall not be liable with respect to any forward-looking statement, whether written or oral, if and to the extent that-
In the case of an oral forward-looking statement made by an issuer that is subject to the reporting requirements of section 78m(a) or section 78o(d) of this title, or by a person acting on behalf of such issuer, the requirement set forth in paragraph (1)(A) shall be deemed to be satisfied-
In any private action arising under this subchapter, the court shall stay discovery (other than discovery that is specifically directed to the applicability of the exemption provided for in this section) during the pendency of any motion by a defendant for summary judgment that is based on the grounds that-
The term "penny stock" has the same meaning as in section 78c(a)(51) of this title, and the rules and regulations, or orders issued pursuant to that section.
The term "securities laws" has the same meaning as in section 78c of this title.
The term "person acting on behalf of an issuer" means an officer, director, or employee of the issuer.
(May 27, 1933, ch. 38, title I, §27A, as added Pub. L. 104–67, title I, §102(a), Dec. 22, 1995, 109 Stat. 749 ; amended Pub. L. 105–353, title III, §301(a)(5), Nov. 3, 1998, 112 Stat. 3235 ; Pub. L. 111–203, title IX, §985(a)(4), July 21, 2010, 124 Stat. 1933 .)
2010-Subsec. (c)(1)(B)(ii). Pub. L. 111–203 substituted comma for semicolon after "entity" in introductory provisions.
1998-Pub. L. 105–353 made technical correction relating to placement of section in subchapter.