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NYSE, Nasdaq tell US judge companies must be allowed to provide forward-looking information to investors on issues critical to future profitability

( November 20, 2023, 22:26 GMT | Official Statement) -- MLex Summary: The New York Stock Exchange and Nasdaq filed a brief telling a US federal judge that communications between shareholders and management of a publicly traded company is a central tenet of properly functioning capital markets. They supported granting Delta Air Lines and United Airlines leave to appeal an order on summary judgment in a price-fixing case over airline tickets. They argued that the court’s decision will discourage public companies from disclosing to investors information vital to their investment decisions, which will harm investor confidence and impair the efficient functioning and competitiveness of US capital markets.See document below. ...

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