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Does a public company have to have a press release about a law suit?
Wiki User
∙ 13y ago
No, but this information is public record so many companies decide to go public with their side of the story, their stance on the situation and if applicable, what they intend to do to rectify any identified issues. Holding a press release is a good way for a company to demonstrate to it's loyal consumers that it isn't hiding behind any issues and values the opinion of consumers. A press release can also be an attempt at appearing to be transparent.
Wiki User
∙ 13y ago
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