Law360 (June 9, 2021, 10:28 PM EDT) -- The Judicial Panel on Multidistrict Litigation has rejected a bid to centralize stockholder class and major customer suits against cloud-based file transfer giant Accellion Inc. over damages tied to multiple hacks of its widely used network, which saw intrusions and user-data thefts on multiple continents.
In a brief order Monday, the panel denied the motion to transfer, saying centralization of the cases is not necessary for the convenience of the parties or to further the efficiency of the litigation. The panel also noted that most of the parties, including two defendants, in the 26 cases oppose centralization.
With most of the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!