On September 15, 2015, the court presiding over the financial institutions data breach lawsuit arising out of the Target data breach granted the Plaintiffs’ motion for class certification. The practical implications of this decision are that financial institutions affected by… Continue Reading →
Ashley Madison members who had their hacked information disclosed are not the only people that have had a bad month. Last week, Noel Biderman, the CEO of Ashley Madison, stepped down because of the damage done by the data breach. Ashley… Continue Reading →
Hackers have shown themselves to be resourceful in gathering information that allows them to commit their crimes. We have seen hackers use employees and other “out of wallet” information to gain access to data. Recent developments in the Target litigation provides a… Continue Reading →
On July 1, 2015, Home Depot filed a motion to dismiss the “Financial Institution Plaintiffs’” class action lawsuit filed in the District Court for the Northern District of Georgia. The class action is based on the breach suffered by Home… Continue Reading →
Last week, Target announced a $19 million settlement with MasterCard, a “Financial Institution Plaintiff,” as a result of the 2013 data breach at its stores. The terms of the settlement agreement are rather complex and call for Target funding “alternative… Continue Reading →
In the March 31, 2015 article, “Why Data Breaches Don’t Hurt Stock Prices,” the Harvard Business Journal discusses why stock prices may not be immediately impacted by a data breach at a company. The article discusses the fact that shareholders may be… Continue Reading →
Early news reports indicate that Target will pay $10 million to settle a class action lawsuit with the “Consumer Plaintiffs” related to the 2013 data breach at its stores. The consumer plaintiffs will be paid settlement proceeds through a dedicated website. The proposed… Continue Reading →
On January 21, 2015, Travelers Casualty and Surety of America (Travelers) sued Ignition Studio Inc. (Ignition) based on professional negligence and breach of contract claims in the District Court for the Northern District of Illinois. Travelers filed the action based… Continue Reading →
As discussed in our December 3, 2014 post, the U.S. District Court for Minnesota issued its Memorandum and Order in the “Financial Institution Cases” against Target which granted in part and denied in part Target’s Motion to Dismiss on December 2, 2014. Specifically,… Continue Reading →
On December 2, 2014, the U.S. District Court for Minnesota issued its Memorandum and Order in the “Financial Institution Cases” against Target which granted in part and denied in part Target’s Motion to Dismiss. Target’s motion sought dismissal of a class… Continue Reading →
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