Thomas A. Sporkin quoted in Wall Street Journal article, “Companies are grappling with how to report coronavirus risks”
Wall Street JournalThomas A. Sporkin
Thomas A. Sporkin was quoted on February 26, 2020 in a Wall Street Journal article, “Companies are grappling with how to report Coronavirus risks,” which discussed the challenges companies are facing as the coronavirus outbreak spreads and affects companies’ performance and annual filing reports. The article stated, “Typically, the risk disclosures in these filings would contain information on factors that could materially affect their financial operations. Companies are drafting language to explain how the outbreak could affect their future operations, securities lawyers said. The challenge is providing investors with accurate information about the future when information about the outbreak is changing by the day.
Sporkin noted, “When there is a threat that has never been analyzed before, how it can impact a business—that is a very difficult challenge to get it right.”
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