22nd Century Group Inc (XXII): BREAKING DOWN 'Confidential Treatment Or...

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Wednesday, 03/22/2017 11:23:14 AM

Wednesday, March 22, 2017 11:23:14 AM

BREAKING DOWN 'Confidential Treatment Order - CTO'
Companies would typically seek a CTO in order to keep information that would otherwise put it at a disadvantage, a secret. For example, a company may apply for such an order to keep information regarding a pricing arrangement made with a partner, secret, since competitors finding out this information may go after the partner with a more competitive price.

Read more: Confidential Treatment Order - CTO Definition | Investopedia http://www.investopedia.com/terms/c/confidential-treatment-order.asp#ixzz4c4JajVuJ
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