A Failed Strategy: Another Derivative Action In A Data Breach Case Goes Down To Defeat

Kevin M. McGinty of Mintz Levin writes:

An attempt to impose liability on corporate officers and directors for data breach-related losses has once again failed.  On November 30, 2016, a federal judge in Atlanta issued a 30 page decision dismissing a shareholder derivative action arising out of the September 2014 theft of customer credit card data from point-of-sale terminals in Home Depot stores.  The dismissal of the Home Depot derivative action follows earlier dismissals of derivative actions arising from data breaches perpetrated against Wyndham and Target.

Read more on National Law Review.

About the author: Dissent

Comments are closed.