Comments on: GM Press Release: “Forward Looking Statements”

By: Gotta Chime In

Gotta Chime In — Wed, 04 Jun 2008 21:52:34 +0000

Not boilerplate – proactive CYA. And by your, I mean the individual who said it ‘cuz GM is hosed.

By: essen

essen — Wed, 04 Jun 2008 18:06:02 +0000

This is a non-story. The risks are not boilerplate per se, but public companies ennumerate every possible risk they can think of, even if the chances of them happening is remote, to prevent shareholder suits. It is not a smoking gun or breaking news.

By: Stein X Leikanger

Stein X Leikanger — Wed, 04 Jun 2008 16:18:54 +0000

@gawdodort and rodster205

“this very same verb(i)age in THEIR stat(e)ments of business.”

NO. Maybe you didn’t read it through? I’d recommend you do – it’s a litany of situations that are quite newsworthy, in many instances. How about the SEC investigation being alluded to? What about the “nonprime” mortgages that make GM’s life difficult? Market acceptance of our products?

Seriously. It’s OK to defend GM, and yes, there’s boilerplate in contracts, but this is a litany of things that will go bad, and no boilerplate.

Read it.

By: gawdodirt

gawdodirt — Wed, 04 Jun 2008 15:16:47 +0000

C’mon now!

As an attornney, you surely must have seen many companies use this very same verbage in THEIR statments of business.

ANd I’ve certainly seen the same with more flair from the companies I invest in in my 401K!

So why is this so newsworthy?

We head the same wordings regarding “WMD’s.”

By: rodster205

rodster205 — Wed, 04 Jun 2008 14:57:31 +0000

Isn’t this pretty much boilerplate language though? I’ve read a few yearly reports, not a lot, but I’ve seen this talk before. But those were Tech companies, so maybe that’s a sign. Of what I have no idea!

By: Stein X Leikanger

Stein X Leikanger — Wed, 04 Jun 2008 14:51:47 +0000

Due diligence is a bitch.

What the heck is their worldwide PR flak going to be doing now? Last time we heard he was telling MSNBC they were all wrong about GM.

By: readingthetape

readingthetape — Wed, 04 Jun 2008 14:37:31 +0000

As an attorney myself, I greatly admire the artful use of “weasel words,” as evidenced supra. That doesn’t come cheap!