Home Depot Execs Escape Investor Suit Over Data Breach

Law360, Los Angeles (November 30, 2016, 11:12 PM EST) -- Investors in The Home Depot Inc. can’t pursue a shareholder derivative suit against members of the retailer’s board of directors relating to a 2014 customer data breach, a Georgia federal judge ruled Wednesday, pointing to their inability to demonstrate board members "consciously failed to act" to prevent the breach.

The ruling by U.S. District Judge Thomas W. Thrash Jr. tosses an August 2015 suit by two Home Depot shareholders alleging current and former members of the board breached their duty of loyalty to the home improvement...
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