Last week I wrote about 4 different cases where courts are moving in the direction of making it easier for plaintiffs to sue companies in case of a breach. Now we have another situation. In the past, judges have approved settlements that only made the lawyers rich. The plaintiffs sometimes got, literally, nothing. That is […]
Continue reading → [DISPLAY_ACURAX_ICONS]Here’s a thought. If the lawsuit against Yahoo succeeds and the award is $10 per victim, that would be a $30 billion judgement. The breach, you may remember, was publicly disclosed after Verizon agreed to buy Yahoo but before the deal closed. As a result of the announcement the price was lowered by $350 million, […]
Continue reading → [DISPLAY_ACURAX_ICONS]One of the things that has always been a barrier for people who’s data was compromised during a breach is what lawyers call “Standing”. Standing derives from Article III of the U.S. Constitution. The courts have said that there are three requirements for “standing” to bring an action against another – Injury in fact, causation […]
Continue reading → [DISPLAY_ACURAX_ICONS]Today the Department of Justice announced the indictment of 4 in the 2013 Yahoo breach – three years after it happened. Two of the people indicted are members of the Russian FSB. Under Russian law, the FSB is part of the Russian military and responsible for, among other things, counterespionage. The other two indicted are Russian […]
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