Is Not Telling the ‘Whole Truth’ Securities Fraud? –

Does complying with company disclosure procedures and consulting with legal counsel protect public-company CFOs from liability arising from statements made in press releases and during investor conferences?

Based on a recent federal court jury verdict against David Johnston, the former CFO of Aveo Pharmaceuticals, the answer appears to be: It depends.

via Is Not Telling the ‘Whole Truth’ Securities Fraud? –.