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Investor Environmental Health Network, Falls Church, Va
Report: Asbestos Litigation Disaster for Investors Could Be Repeated With Nanotechnology Unless SEC and FASB Close Eight Major Loopholes Now Preventing Honest Disclosures
July 5th, 2009
Billions of dollars in potential asbestos-like litigation risks for nanotechnology companies and investors are now hidden due to weak regulations governing disclosures of liabilities, according to a major new report from the Investor Environmental Health Network (IEHN). Nanotechnologies are now commonly found in sunscreen, cosmetics, food, clothing, sporting goods and packaging. Yet some of these technologies are showing signs of posing serious hazards to human health and the environment, including the same kind of grave threats resulting from exposure to asbestos, according to the IEHN report. The good news for investors is that the U.S. Securities and Exchange...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-05)
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