Many observers, including even this blog, have speculated whether the rising wave of data breaches and cyber security attacks will result in litigation against the directors and officers of the affected companies.
Picture this. You suspect an employee (Slick Fingers) has been stealing in the workplace for weeks.
As anyone who even casually watches the nightly news can tell you, breaches of customer and corporate data can cause serious financial, legal, and reputational harm to a company.
On August 29, 2015, China’s legislature, the National People’s Congress, amended the Criminal Law, effective November 1, 2015.
The online service Ashley Madison is reeling from a catastrophic data breach that resulted in the public exposure of its customers’ sensitive private information.
American Bar Association Joins Growing Chorus of Groups Raising Concerns About Fair Pay and Safe Workplaces Regulations
On August 26, 2015, the Section of Public Contract Law of the American Bar Association (“ABA”) submitted public comments to the General Services Administration (“GSA”) and the U.S. Department of Labor (“DOL”) on their proposed regulations and guidance implementing the Fair Pay and Safe Workplaces Executive Order (the “Order”).
“Very superstitious, writings on the wall, Very superstitious, ladders bout’ to fall.”
With the dust settling, but the buzz continuing, around the New York Times’ expose on Amazon’s white-collar working conditions, and the various responses (by Jeff Bezos, current and former employees), we tapped three of Greentarget’s finest to get their take on the situation.
In my last D&O Discourse post, I discussed why changes to the securities litigation defense bar are inevitable: in a nutshell, the economic structures of the typical securities defense firms – mostly national law firms – result in defense costs that significantly exceed what is rational to spend in a typical securities class action.