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‘Safe harbor’ welcome for struggling firm

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For sailors, a “safe harbor” might be a calm bay after choppy open waters. For public companies, a “safe harbor” also is a shelter — a legal one should their good-faith projections about the future not pan out, explains Christine Sgarlata Chung, an assistant professor at Albany Law School. What got me interested in learning more about that kind of safe harbor was the slew of class-action lawsuits filed during the spring and summer against ...

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