The Rise Of Cyber-Related Securities Fraud Class Actions
By Cara PetermanMarch 12, 2018, 4:02 PM EDT
Law360 (March 12, 2018, 4:02 PM EDT) -- While significant consumer litigation has become increasingly common following the announcement of a large data breach, cyber-related investor suits have historically been limited to the intermittent shareholder derivative action alleging that the breached company’s board failed to properly oversee the organization’s cyberrisks. And those few sporadic derivative suits filed over the last several years have universally been dismissed in the earliest stages of the litigation.
But after almost a decade of relative calm, the past 12 months saw a flurry of substantial securities fraud class action...