"Forward-looking" financial forecasts that turn out to be wrong are never protected against liability for securities fraud.

Name: "Forward-looking" financial forecasts that turn out to be wrong are never protected against liability for securities fraud.
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Forward-looking financial forecasts can be protected under the "safe harbor" provisions of securities laws, which shield companies from liability if the forecasts are identified as forward-looking and accompanied by meaningful cautionary statements.

"Forward-Looking" Financial Forecasts That Turn Out to Be Wrong Are