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Expert Analysis

Observations From Target, Wyndham Derivative Suits

Law360, New York (May 8, 2014, 2:43 PM EDT) -- In what is the latest example of the potential cybersecurity-related liability of corporate boards, a shareholder for Wyndham Worldwide Corp. has initiated a derivative lawsuit against certain directors and officers of the company, as well as against the company itself as nominal defendant, related to the three data breaches the company and its operating units sustained during the period between April 2008 and January 2010. As discussed here, the company is already the target of a Federal Trade Commission enforcement action in connection with the breaches....

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