Home Depot And Its Implications For Breach-Related Suits

Law360, New York (May 4, 2017, 4:10 PM EDT) -- During the period 2014-2015, several companies — including Home Depot — that had experienced high-profile data breaches were hit with cybersecurity-related directors and officers lawsuits. All of these lawsuits, including the one against Home Depot, were dismissed. The plaintiffs in the Home Depot case filed an appeal of the dismissal. Now it appears that while the appeal was pending, the parties to the Home Depot data breach-related derivative lawsuit have reached a settlement. The settlement could have interesting implications for the plaintiffs bar’s ongoing efforts to pursue data breach-related D&O litigation.

Background

In September 2014, Home Depot announced that its retail payment...

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