Cybersecurity Securities Class Actions: Wave Or Trickle?

Law360, New York (March 20, 2015, 11:14 AM EDT) -- One of the foremost uncertainties in securities and corporate governance litigation is the extent to which cybersecurity will become a significant directors and officers liability issue. Although many D&O practitioners have been bracing for a wave of cybersecurity D&O matters, to date there has been only a trickle. Some have come to believe that at most, there will be a surge of derivative litigation, due to the lack of significant and sustained stock drops on the announcement of even large cybersecurity breaches.

Yet I remain convinced that a wave is coming, perhaps a tidal wave, and it will include not just...

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