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The detriment can be a deprivation of an employee's faithful and honest services if a violation of the employee's duty to disclose material information is involved.... Materiality exists whenever "an employee has reason to believe the information would lead a reasonable employer to change its business conduct"..
Worse, prosecutors are not bound to disclose material that they choose not to use in court.
Most G20 countries already require businesses to disclose "material" climate-related risks in their financial reports.
It confirmed it had opened an internal inquiry into "allegations about the failure to disclose material".
This requires an American company to file quarterly reports and publicly disclose material events promptly upon their occurrence.
Failure by listed companies to disclose material information on a timely basis attracts criminal and civil liabilities under legislation introduced in 2002.
The messages, Finra said, "failed to disclose material information" about her recommendations, including that she held big stakes in some of the investments she was pushing.
The new bill would require job applicants to disclose material information or face criminal penalties, a provision that opponents say would prevent undercover operatives from obtaining employment.
Mr. Cuomo may try to show that Merrill and Bank of America failed to disclose material information about Merrill's financial health to allow the payments to be made.
The law requires companies to disclose "material" information to the public no later than they disclose it to security analysts and investment managers.
On this occasion the judge ruled that the Mail on Sunday did have to disclose material but with names of sources redacted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com