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Law firms today are inundated with new data protection and recovery methodologies from vendors. It's a hot market because technologists in law firms are under intense pressure to protect sensitive client data and clients are now holding their firms to higher standards than ever. However, IT leaders are struggling to make sense of what they need to have, both to meet client demands and stay ahead of the ever-evolving threat landscape.
For this reason, below are a few essential definitions, intended to provide clarity and guidance to firms that are exploring how to improve their data compliance, protection and recovery posture.
Archive: A collection of historical business records that are immutable and unchangeable, which must be retained for future reference should you ever need to produce evidence (perhaps when legal or regulatory questions arise). Archiving refers to the process of moving data that is no longer in active use to a separate storage device. Many organizations define archive data as any copies older than 120 days, whereas some may archive immediately when a matter is closed. Typically, archive data can be located online in to-disk format or offline in to-tape format.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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