Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Thursday, February 16, 2006
Dow & Rockwell Silent on Loss of largest Environmental Class Action Lawsuit in Colorado History
Dow (NYSE:DOW) and Rockwell (NYSE:COL) lose the largest environmental class action lawsuit in Colorado history and remain silent. The two corporate giants are now both on the hook for a cool $500 million. The plaintiff issued their press release yesterday mid afternoon. Dow and Rockwell are still silent. $500 million settlements must still fall under Reg FD. (If only to say that you will appeal in some manner.)