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Top Tips For Reviewing Comfort Letters (Video) – Securities

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A comfort letter is a letter delivered by an issuer’s
independent accountants to the underwriters or initial purchasers
in connection with an offering that provides certain assurances
with respect to financial information included in a registration
statement, prospectus, or offering memorandum used in a securities
offering. Underwriting agreements and purchase agreements typically
require a comfort letter be provided to the underwriters or initial
purchasers as a condition at pricing. Comfort letters assist
underwriters to establish a due diligence defense under the
securities laws.

Partner Ryan Castillo discusses practice pointers that can help
in reviewing and negotiating comfort letters. See the full video here. (Requires LexisNexis

View an introductory clip below.


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article provides information and comments on legal
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