VLP Partner Melissa Krasnow Quoted in The Corporate Counsel.net Blog Post About D&O Lawsuits
The Bloomberg article described how many directors and officers (D&O) cyber lawsuits were filed after the EU General Data Protection Regulation (GDPR) went into effect on May 25th.
The blog post also noted the recent decision to allow the federal securities law class action cyber lawsuit to proceed against Equifax and its former CEO. The blogger quoted Ms. Krasnow’s comments stating that the trend of D&O cyber lawsuits will continue, and more lawsuits will be filed due to:
- Cyber events that occur
- Existing and evolving privacy and cybersecurity regulation and enforcement in the US, Canada, EU and globally
- Interest of plaintiffs’ attorneys in pursuing these lawsuits
- Settlement of some of these lawsuits (which has occurred in certain lawsuits)
- Blind spots/shortcomings regarding how certain organizations and their executives and directors address privacy and cybersecurity (including lack of awareness/information regarding these lawsuits)