#RiskDisclosure

Facebook Asks Supreme Court to Dismiss Cambridge Analytica Lawsuit

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November 11, 2024 at 12:10PM The US Supreme Court will determine the fate of a shareholder lawsuit against Meta (Facebook) regarding the Cambridge Analytica data breach. The Ninth Circuit allowed the case to proceed, citing misleading risk disclosures. Lawyers argue that organizations must not mislead investors about past risks impacting their business. **Meeting Takeaways: US … Read more

SolarWinds slams SEC lawsuit against it as ‘unprecedented’ victim blaming

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January 29, 2024 at 03:55PM SolarWinds, victim of Russian cyber-attack, accuses SEC of unfair treatment. The company argues the watchdog’s charges are baseless and seek to impose unreasonable cybersecurity disclosure requirements. SolarWinds maintains it made proper and accurate disclosures before and after the attack. The SEC alleges that SolarWinds misled investors about its security practices, … Read more