The next wave of class action lawsuits will be the result of massive data breaches, according to the eighth annual Carlton Fields Class Action Survey released Tuesday.
The survey is based on interviews with general counsel or senior legal officers at 395 Fortune 1000 companies in the U.S.
In 2017, 28.9 percent of corporate counsel said the next wave of class action suits would come from data privacy and security. That number nearly doubled in 2018 with 54 percent of respondents believing that the next wave of class action suits will come from data privacy and security issues.
via Report: Data Breaches Will Be the Next Trend in Class Action Litigation | Corporate Counsel.