Developments in Disclosure: Special Problems in Public Offerings - Forward-Looking Information, Including the Private Securities Litigation Reform Act of 1995

This Article examines recent developments in disclosure with regard to public offerings and disclosures to trading markets. It analyzes current practices involving analysts, T + 3, the bespeaks caution doctrine, and the use of forward-looking information, including the Private Securities Litigation Reform Act of 1995 (PSLRA). The author concludes that securities litigation is likely to be reduced by the PSLRA