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Evolution of the Standing Requirement In Data Breach Class Actions
As the digital age progresses, the risks associated with society's overall dependence on technology increase exponentially. Following the COVID-19 pandemic, millions worked remotely, relying on digital data and cloud computing — creating a new wave of digital workforce mobility. Consequently, due to the proliferation of consumer information online, cybercrimes increased dramatically, with data breaches targeting organizations and companies in an attempt to obtain and reveal sensitive or protected information of clients and employees.
Disputes related to the protection, or lack thereof, of consumer and employee information have become widespread. Many of these disputes are a result of data breaches. Data breaches allow hackers to obtain personal private data that they can then misuse in a number of ways. Thus, individuals whose information has been compromised seek ways to hold the entities responsible for safeguarding such information accountable. This has led to an increase in class action lawsuits related to cyberattacks in recent years. In 2021 alone, 36 major data breach class actions were filed. Employees were one-third of the overall plaintiffs.
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Bankruptcy Sales: Finding a Diamond In the Rough
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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.