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D&O coverage issues arising from increased cyberattacks, shareholder lawsuits | PropertyCasualty360
As cybersecurity incidents and data breaches become increasingly common, D&O insurers need to be aware of the recent trend of securities and shareholder derivative lawsuits brought against public companies and their directors and officers for failing to implement adequate protections against cyber-related risks, and/or to engage in a sufficient oversight of such protections. While some […]
$117.5M Yahoo Breach Settlement Was Reasonable, But Legal Work Was ‘Not Novel,’ Judge Koh Says | Law.com
U.S. District Judge Lucy Koh signed off on the $117.5 million data breach settlement with Yahoo Inc. on Tuesday, but she slashed attorney fees by more than $7 million after concluding the deal was “unexceptional” and the legal work “not particularly novel.” via $117.5M Yahoo Breach Settlement Was Reasonable, But Legal Work Was ‘Not Novel,’ […]
A New CCPA Data Breach Lawsuit Is “Minted” – Lexology
Online stationery and craft company Minted Inc. has been hit with a CCPA class action lawsuit, stemming from a massive data breach the company disclosed in late May. The proposed class action lawsuit, filed in a California federal court, claims that Minted Inc. failed to implement “reasonable security measures” and to properly encrypt certain personal […]
Class Counsel Slam ‘Professional Objectors’ for Delaying Equifax Data Breach Payout | Daily Report
Lawyers who hammered out a $1.4 billion class settlement with Equifax over a 2017 data breach are slamming objectors who they contend will postpone compensation to 147 million people whose financial data was stolen. In two pleadings filed this week, the consumers’ lead counsel and liaison counsel excoriated two pro se “serial objectors” and urged U.S. […]
The First Wave of CCPA Allegations Makes Its Way Into a New Data Breach Class Action Against Salesforce and Hanna Andersson | Mintz
The companies Salesforce.com, Inc. and Hanna Andersson, LLC are on the receiving end of a novel lawsuit, which appears to be the very first data breach class action ever filed with alleged violations of the California Consumer Privacy Act (“CCPA”). The case is styled as Barnes v. Hanna Andersson, LLC , N.D. Cal., Case No. […]
The CCPA Is Coming and So Are Data Breach Class Actions | Corporate Counsel
Even if companies are prepared for the CCPA, those responsible for compliance and regulation should be keeping an eye on what other states are doing. “The one thing that is becoming an emerging area is that other states are following the lead of California and enacting their own laws,” Palmer said. “The CCPA is the […]
Lawyers Who Got $1.4B Equifax Data Breach Settlement Want $77M in Fees | Daily Report
Plaintiffs lawyers who obtained a $1.4 billion class action settlement with Equifax over its massive data breach have asked a federal judge to approve more than $77.5 million in attorney fees to them. In a Tuesday motion, lawyers from 13 firms appointed to the multidistrict litigation said their fee request, originally disclosed in the settlement’s […]
Some Good News for the Cybersecurity Class Action Bar | LinkedIn
The cybersecurity class action bar might be celebrating the holidays a bit early this year. The enthusiasm stems from a recent (but barely noticed) judicial letter from Judge Paul W. Grimm, of the United States Federal District Court for the District of Maryland, who oversees class action litigation arising out of last year’s data breach […]
Capital One Turns to Equifax Counsel in Data Breach Lawsuits | Law.com
Balser stepped into the Capital One case on the heels of the Equifax litigation. To represent Equifax, Balser teamed with Phyllis Sumner, King & Spalding’s chief privacy officer, who leads the firm’s data, privacy and security practice. Equifax, a credit-reporting agency, suffered a breach that compromised the personal information of 147 million of its customers. Balser negotiated […]
What You Should Know About the Equifax Data Breach Settlement — Krebs on Security
Big-three credit bureau Equifax has reportedly agreed to pay at least $650 million to settle lawsuits stemming from a 2017 breach that let intruders steal personal and financial data on roughly 148 million Americans. Here’s a brief primer that attempts to break down what this settlement means for you, and what it says about the […]
Appeals court allows data breach lawsuit by federal workers to go forward | TheHill
The D.C. Circuit Court of Appeals on Friday ruled that two groups of federal workers can move forward with their class action lawsuits against the Office of Personnel Management (OPM) over a 2015 data breach that exposed the personal information of 22 million people.According to the appeals court, the data breach left the plaintiffs vulnerable to identity theft, […]
Judge Denies Yahoo Privacy Data Breach Settlement
A federal judge denied approval of a settlement in the Yahoo data breach class action on Monday, saying Yahoo’s refusal to disclose the total amount to be paid out to those affected by the largest data breach in history renders it insufficient. via Judge Denies Yahoo Privacy Data Breach Settlement.
Baker & Hostetler Steps In for Marriott in Data Breach Class Actions | Law.com
On Tuesday, Baker & Hostetler’s Daniel Warren, a partner in Cleveland, filed a court appearance to represent Marriott before the U.S. Judicial Panel on Multidistrict Litigation, which is hearing arguments on Jan. 31 in Miami over whether to coordinate the cases spurred by the event. Lawyers have filed about 50 class actions since the breach, which compromised […]
Yahoo agrees to pay $50 million to settle data breach lawsuit | ZDNet
Yahoo must pay $50 million in damages to victims of one of the largest data breaches on record. On Monday, a settlement was filed with the United States District Court in California which laid to rest the two-year-old lawsuit. via Yahoo agrees to pay $50 million to settle data breach lawsuit | ZDNet.