In the wake of credit monitoring and reporting firm Equifax’s recent announcement that it had sustained a data breach involving 143 million U.S. customers, a wave of consumer class action lawsuits have followed. In addition, the litigation wave included at least one securities class action lawsuit; with more securities suits likely to follow. Although data breach-related D&O claims have not fared particularly well in the past, there are features of the Equifax situation that may put the securities suits against Equifax in a different category. An interesting question is the extent to which the new lawsuit portends further data breach-related securities litigation going forward.
- EQUIFAX DATA BREACH LITIGATION INCLUDES A SECURITIES SUIT September 26, 2017
- HOME DEPOT SETTLES DATA BREACH RELATED DERIVATIVE LAWSUIT June 8, 2017
- Chubb’s Annual Construction Cost Insights 2016 – 2017 May 17, 2017