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ImmunoGen, Inc. Message Board

  • bioimmunomabman bioimmunomabman Jun 26, 2013 11:57 AM Flag

    New SEC filing, CT order

    Anyone have some ideas about why a company files a CT order?

    The Commission now releases orders relating to applications for confidential treatment of certain information otherwise required to be included in filed documents. The Divisions of Corporation Finance and Investment Management issue these orders pursuant to delegated authority. The database contains orders issued beginning May 1, 2008. These orders are identified as CT ORDER.

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    • The company doesn't file a court order, rather when they publicly file something with the SEC (a 10Q or 10K for example) that contains proprietary information, they file it with the confidential information redacted and request an order from the SEC essentially granting the company's request for confidentiality. So for example, the company signs a new contract with pricing or royalty figures in it, that is information that is highly sensitive and should not be publicly disseminated, but the contract is required to be disclosed by the company in a public filing. The company would ask the SEC for permission to redact that confidential information. No court ever enters and order, it is handled administratively and delegated to a division of the SEC. Hope that answers the question.

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