Yahoo's Warning To GCs: Your Job Description Just Expanded

Law360, New York (March 30, 2017, 2:54 PM EDT) -- David R. Fontaine

John Reed Stark The recent public 10-K disclosures filed by Yahoo with the U.S. Securities and Exchange Commission have garnered a great deal of attention for laying substantial blame at the feet of Yahoo's own internal legal department. Never before have the consequences of a cybersecurity failure been so directly left on the general counsel's doorstep.

While some may view this as an exceptional case driven by its unique facts, the actions taken by Yahoo's board and the company's public disclosures underscore a more significant and noteworthy trend as it relates to the role of the legal function,...

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