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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Act"), which was signed into law on 21 July 2010, is comprehensive in scope and will have a significant effect on the regulation and supervision of the U.S. financial system
The U.S. Court of Appeals for the Second Circuit recently ruled in Slayton v. American Express Co. that forward-looking statements by American Express regarding anticipated losses on its high-yield debt investments were protected by the safe harbor from antifraud liability afforded to such statements by the Private Securities Litigation Reform Act of 1995 (PSLRA
