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Massive Facebook Settlements Underscore Privacy’s Importance as Corporate Risk

On July 24, 2019, in a development that underscores the heightened significance of privacy-related issues, the Federal Trade Commission (FTC) announced that Facebook will pay a record-breaking $5 billion penalty and submit to new restrictions and a modified corporate structure. In a related development, the Securities and Exchange Commission (SEC) also announced that Facebook had … Continue Reading

Massive GDPR Fines Have Serious Implications for Corporate Risk

The EU’s General Data Protection Regulation went into effect with great fanfare in May 2018, along with great trepidation about the potential fines regulators might impose for violation of the regulation’s requirements. In the following months, regulators imposed relatively few fines, for relatively modest amounts. However, just in the last several days, the U.K. privacy … Continue Reading

California Enacts Sweeping Privacy Legislation

Earlier this year, after Facebook was sued in a securities class action following news that it had given access to personal user information to Cambridge Analytica, I questioned whether privacy issues might represent the next big corporate liability exposure. Among other things, in making this suggestion, I was taking into consideration that fact that the … Continue Reading
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