As companies experienced cyber-related incidents, they have sought coverage for their losses under a variety of different kinds of insurance policies. As discussed in the following guest post, courts have struggled to address the coverage issues these claims present. The article’s author is Peter Selvin, a member of TroyGould
Commentators (including me) have long speculated about the possible future direction of data breach-related litigation. There have of course been a number of very high profile data breach-related consumer class action suits, but so far relatively few data breach related D&O lawsuits. Of course, more recently investors filed a securities class action lawsuit involving the high-profile data breach at Equifax. Now investors have filed another data breach securities class action lawsuit, in this case involving PayPal Holdings.
Continue Reading Investors File Data Breach-Related Securities Suit Against PayPal
I wouldn’t ordinarily write about the same company or set of circumstances two days in a row, but because of developments following in the wake of the data breaches Yahoo announced last year, the company’s name has come up again. Yesterday, I wrote about the investigation the SEC reportedly is pursuing in connection with Yahoo’s alleged delays in disclosing the data breaches. It turns out that yesterday a plaintiff shareholder also filed a securities class action lawsuit in the Northern District of California against Yahoo and certain of its directors and offices relating the company’s reported data breaches. A copy of the complaint the plaintiff filed on January 24, 2017 can be found here.
Continue Reading Shareholder Files Data Breach Securities Class Action Lawsuit Against Yahoo