If a CEO posts company news on his Facebook page, does that count as public disclosure of material information? The SEC apparently thinks that it doesn't, since the agency has taken preliminary action against Netflix over a Facebook post by the company's chief executive.
Netflix CEO's Boast in Facebook Post Draws Scrutiny from SEC
The Litigation Daily
December 7, 2012
This article requires premium access
This article requires premium access to The AmLaw Litigation Daily. Please sign in or subscribe to read the full text.