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Mr. Ferrara explained, “When an investor or insider is engaged in an omission which proves to be a deception, and the result of that was a financial loss to ano
by hvs 15y ago
Mr. Ferrara explained, “When an investor or insider is engaged in an omission which proves to be a deception, and the result of that was a financial loss to another investor, a case for fraud can be made.”
That applies to any investor or insider, regardless of where they speak publicly. So, it applies to Fred Wilson, Mike Arrington, and any other investor.
- startupcomment 15y agoSo Fred Wilson and co. are fine as long as they do not "deceive"? I suppose that still exposes them to the possibility that they might have to defend themselves to prove that they have not "deceived"? Ah, the perils of the internet age. I wonder if general liability insurance policies cover those types of claims?