Legal Mumbo Jumbo

[RaviC]

I Received this kind of message with a email:
--------------------------------------------------------------------------
The information contained in this communication is intended solely for the
use of the individual or entity to whom it is addressed and others
authorized to receive it. It may contain confidential or legally
privileged information. If you are not the intended recipient you are
hereby notified that any disclosure, copying, distribution or taking any
action in reliance on the contents of this information is strictly
prohibited and may be unlawful. If you have received this communication
in error, please notify us immediately by responding to this email and then
delete it from your system. Ernst & Young is neither liable for the proper
and complete transmission of the information contained in this communication
nor for any delay in its receipt.
----------------------------------------------------------------------

They one me to tell if i recieved it incorrectly. And they are too stern and not polite about it. Infact receiving the email incorrectly sounds like my fault and I am liable for it. What do you guys think?

 

[Dually]

HAHA, its a scare tactic. Its totally their fault if you get it.

 

[linuxboy]

Well, having worked with people from E&Y... I can say that their mail (smtp) server stamps the addition to all outgoing emails.

They do it solely to protect their arses because they deal with many, many companies and have advance access to many of the financial records. If such information were to be released to the public, they want to ensure that they are not held liable. The actual legal reason for such an extreme measure is because E&Y is organized as an LLP (limited liability partnership), meaning that the partners are liable in a larger extent then an incorp. Despite the fact that they have a good agreement, the state laws for their company do hold them liable for thinks like inadvertent disclosure.

where was I...

umm.. oh yes. The point is that they are not trying to scare you and it legally is NOT their fault if you receive it because of this (and other) provisions. THis also helps in the SEC investigations in case any illicit trading occurs in companies for whom E&Y handles finances and accounting.