On September 15, 2020, Skadden held the first program in our annual Securities Litigation and Regulatory Enforcement Update, titled “Developments and Trends in Securities Litigation: Mid-Year Update 2020.” ...
...The...more
10/29/2020
/ Appeals ,
Class Certification ,
Cyan Inc v Beaver Cty Emps Ret Fund ,
Enforcement Actions ,
Loss Causation ,
Non-US Entities ,
Omnicare ,
Omnicare v Laborers District Council ,
Regulatory Violations ,
Scienter ,
Securities Litigation
In this month's edition, we examine the Swiss data protection authority's comments on the validity of its data-sharing framework with the U.S., as well as the European Data Protection Board's guidance on joint controllers and...more
10/10/2020
/ Biometric Information Privacy Act ,
Class Action ,
Constitutional Challenges ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Protection Authority ,
European Data Protection Board (EDPB) ,
International Data Transfers ,
Joint Control ,
Metadata ,
National Security Agency (NSA) ,
New Guidance ,
Outer Space ,
Personally Identifiable Information ,
Popular ,
Presidential Memorandum ,
Privacy Laws ,
Social Media ,
Swiss Privacy Shield ,
Trump Administration
In this month's edition of our Privacy & Cybersecurity Update, we examine the National Institute of Standards and Technology's four principles of the "explainability" of artificial intelligence and the U.K. Information...more
9/1/2020
/ Anti-Drone Technology ,
Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Compliance ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Protection Impact Assessments (DPIAs) ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Drones ,
EU-US Privacy Shield ,
FCC ,
Federal Aviation Administration (FAA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
International Data Transfers ,
NIST ,
Office of Administrative Law ,
Personal Information ,
Popular ,
Privacy Laws ,
Risk Mitigation ,
UK ,
UK ICO
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between February and June 2020....more
8/27/2020
/ Arbitration Agreements ,
Best Interest Standard ,
Board of Directors ,
Bylaws ,
Corporate Counsel ,
Corwin Doctrine ,
Derivative Suit ,
Fiduciary Duty ,
Forum Selection ,
Investment Advisers Act of 1940 ,
Judicial Notice ,
Loss Causation ,
Material Misstatements ,
Mergers ,
MFW ,
Omissions ,
Pleading Standards ,
PLSRA ,
Scienter ,
Securities Fraud ,
Securities Litigation ,
Settlement ,
Short-Swing Trading ,
Summary Judgment
In this month's edition, we examine the Court of Justice of the European Union's decision invalidating the EU-U.S. Privacy Shield framework, as well as the U.S. government's response to the decision. We also examine two...more
8/6/2020
/ Automotive Industry ,
Binding Corporate Rules ,
Broadband Privacy Rules ,
Connected Cars ,
Corporate Counsel ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Economic Loss Doctrine ,
Enforcement Actions ,
EU ,
EU-US Privacy Shield ,
European Data Protection Board (EDPB) ,
Federal Trade Commission (FTC) ,
First Amendment ,
Free Speech ,
General Data Protection Regulation (GDPR) ,
Hackers ,
Insurance Industry ,
International Data Transfers ,
Internet Service Providers (ISPs) ,
Misrepresentation ,
Negligence ,
NYDFS ,
Online Platforms ,
P2B ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Schrems I & Schrems II ,
Security Breach ,
Standard Contractual Clauses ,
U.S. Commerce Department ,
UK ,
UK Data Protection Act ,
United Nations
In this month's edition of our Privacy & Cybersecurity Update, we examine the California attorney general's final regulations for the California Consumer Privacy Act and a ruling by the Indiana Court of Appeals involving...more
7/6/2020
/ California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Constitutional Challenges ,
Consumer Fraud ,
Cyber Insurance ,
Cybersecurity ,
Data Privacy ,
EU ,
Popular ,
Privacy Laws ,
Ransomware
In this month's edition of our Privacy & Cybersecurity Update, we examine the Seventh Circuit's ruling finding standing for an Illinois Biometric Information Privacy Act claim, the European Data Protection Board's updated...more
6/1/2020
/ Appeals ,
Biometric Information Privacy Act ,
Blocked Mergers ,
Bulk Electric System ,
Business Interruption ,
Consent ,
Cookies ,
Coronavirus/COVID-19 ,
Cyber Insurance ,
Cyber Threats ,
Cybersecurity ,
Data Protection Authority ,
Department of Energy (DOE) ,
Employee Privacy Rights ,
European Data Protection Board (EDPB) ,
Foreign Acquisitions ,
Foreign Adversaries ,
General Data Protection Regulation (GDPR) ,
National Security ,
Policy Exclusions ,
Popular ,
Privacy Laws ,
Remote Working ,
Standing ,
Trump Administration
In this month's edition of our Privacy & Cybersecurity Update, we examine Washington state's new facial recognition law, the U.K. Supreme Court's ruling that an employer is not liable for a data breach caused by a disgruntled...more
5/3/2020
/ Coronavirus/COVID-19 ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Draft Guidance ,
Employee Misconduct ,
Employer Liability Issues ,
Equifax ,
European Commission ,
European Data Protection Board (EDPB) ,
Facial Recognition Technology ,
FSB ,
Mobile Apps ,
New Guidance ,
NYDFS ,
Phishing Scams ,
Popular ,
Privacy Laws ,
Settlement ,
UK Supreme Court
This issue includes summaries and associated court opinions of selected cases principally decided between October 2019 and January 2020. ...more
4/6/2020
/ Aiding and Abetting ,
Books & Records ,
Breach of Duty ,
Bylaws ,
CEOs ,
Civil Liability ,
Collateral Estoppel ,
Criminal Convictions ,
DE Supreme Court ,
Demand Futility ,
Derivative Suit ,
Dismissals ,
Enforcement Actions ,
Exchange-Traded Products ,
False Statements ,
Federal Pleading Requirements ,
Fiduciary Duty ,
Initial Public Offering (IPO) ,
Injunctions ,
Investment Adviser ,
Item 303 ,
Lack of Particularity ,
Mergers ,
Misleading Statements ,
Misrepresentation ,
Notice Requirements ,
Price-Fixing ,
PSLRA ,
Pyramid Schemes ,
Registration Statement ,
RICO ,
Scienter ,
Scope of Discovery Requests ,
Section 11 ,
Section 220 Request ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholder Litigation ,
Shareholder Votes ,
Summary Judgment
In this month's edition, we examine the California attorney general's proposed modified regulations under the CCPA, the Treasury Department's new CFIUS regulations, and the SEC Office of Compliance Inspections and...more
3/3/2020
/ BPCIA ,
Business Losses ,
California Consumer Privacy Act (CCPA) ,
CFIUS ,
Cyber Insurance ,
Cybersecurity ,
Data Privacy ,
Foreign Investment ,
OCIE ,
Popular ,
Privacy Laws ,
Ransomware ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Standing ,
State Privacy Laws ,
U.S. Treasury ,
UK ICO
In this month's edition of our Privacy & Cybersecurity Update, we examine the EU advocate general's decision in Schrems II, a federal court's ruling that an insurer owed coverage for a social engineering loss, the Chinese...more
2/6/2020
/ Advocate General ,
China ,
Cybersecurity ,
Cybersecurity Framework ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data Security ,
EU ,
EU-US Privacy Shield ,
Federal Trade Commission (FTC) ,
GA Supreme Court ,
Hackers ,
Mobile Apps ,
Negligence ,
NIST ,
Personal Data ,
Popular ,
Ransomware ,
Schrems I & Schrems II
The U.S. Supreme Court today in Retirement Plans Committee of IBM v. Jander, No. 18-1165 (2020) (per curiam), declined to resolve questions about the pleading standard for a breach of fiduciary duty claim against fiduciaries...more
1/15/2020
/ Appeals ,
Breach of Duty ,
Corporate Officers ,
Dismissals ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Employee Stock Purchase Plans ,
ESOP ,
Failure To Disclose ,
Fiduciary Duty ,
FIfth Third Bancorp v Dudenhoeffer ,
Fraud ,
Inflated Projections ,
Insider Information ,
Misrepresentation ,
Plan Participants ,
Pleading Standards ,
Popular ,
Remand ,
Retirement Plans Committee of IBM v Jander ,
Reversal ,
SCOTUS ,
Securities Violations ,
Vacated
In this month's edition of our Privacy & Cybersecurity Update, we take a look at guidance on artificial intelligence released by the U.K. Information Commissioner's Office and the Turing Institute, as well as guidance...more
1/3/2020
/ Artificial Intelligence ,
Consent Order ,
Consumer Insurance Products ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Management ,
Data Protection ,
Draft Guidance ,
Email ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Information Management ,
Insurance Regulations ,
Misleading Statements ,
NAIC ,
Personal Data ,
Popular ,
Regulatory Requirements ,
Settlement Agreements ,
Terms of Service ,
Transparency ,
Voluntary Disclosure
In this month's edition, we examine the landmark data breach class action in the English High Court against Equifax, the FTC's complaint against data colocation company RagingWire and a Utah business-to-business company's...more
12/4/2019
/ Commercial General Liability Policies ,
Cybersecurity ,
Data Breach ,
Denial of Insurance Coverage ,
Equifax ,
EU-US Privacy Shield ,
Federal Trade Commission (FTC) ,
International Arbitration ,
Misrepresentation ,
Popular ,
Privacy Laws ,
Settlement ,
Target ,
UK
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between August and October 2019. The cases address developing trends in the definition of a security, fiduciary...more
11/27/2019
/ Appeals ,
Criminal Convictions ,
Fiduciary Duty ,
Investment Company Act of 1940 ,
Loss Causation ,
Material Misrepresentation ,
Materiality ,
Omissions ,
Pleading Standards ,
Scienter ,
Securities ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
SLUSA
In this month's edition of our Privacy & Cybersecurity Update, we examine the California attorney general's draft regulations on the California Consumer Privacy Act, the CJEU's clarified rulings on the use of cookies, the...more
11/4/2019
/ California Consumer Privacy Act (CCPA) ,
Cookies ,
Court of Justice of the European Union (CJEU) ,
Crime Insurance Policies ,
Cybersecurity ,
Data Protection ,
Draft Guidance ,
e-Privacy Directive ,
Email ,
Fantasy Sports ,
Food and Drug Administration (FDA) ,
Health Technology ,
Healthcare ,
Medical Devices ,
Medical Software ,
New Amendments ,
Non-Discrimination Rules ,
Notice Requirements ,
Personal Data ,
Popular ,
Regulatory Agenda ,
Regulatory Requirements ,
Right to Delete ,
Spoofing ,
State and Local Government ,
Verification Requirements ,
Vulnerability Assessments
In this month's edition of our Privacy & Cybersecurity Update, we examine five amendments to the California Consumer Privacy Act, the EU Court of Justice's rulings on the "Right to Be Forgotten" and what qualifies as a joint...more
10/2/2019
/ Amended Rules ,
California Consumer Privacy Act (CCPA) ,
Class Action ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Controller ,
Discovery Disputes ,
EU ,
Facial Recognition Technology ,
Marriott ,
Personal Data ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Privacy Laws ,
Right to Be Forgotten ,
UK ,
United States
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between May and August 2019....more
10/2/2019
/ Acquisitions ,
Appraisal Rights ,
Board of Directors ,
Books & Records ,
Breach of Duty ,
Class Action ,
Corwin Doctrine ,
DE Supreme Court ,
Deal Price ,
Disclosure Requirements ,
Enforcement Actions ,
Excessive Fees ,
Fair Value Standard ,
Fiduciary Duty ,
Forfeiture ,
Guilty Pleas ,
Insider Trading ,
Investment Adviser ,
Jury Verdicts ,
Market Manipulation ,
Materiality ,
Mergers ,
Misrepresentation ,
Motion for Summary Judgment ,
Motion to Dismiss ,
Offering Documents ,
Omissions ,
Pleading Standards ,
Popular ,
Scienter ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
SLUSA ,
Standing
In this month's edition of our Privacy & Cybersecurity Update, we examine the European Parliament's report on whether and how the use of blockchain technology can comply with the General Data Protection Regulation, as well as...more
9/5/2019
/ Blockchain ,
Consumer Protection Laws ,
Cyber Policies ,
Cybersecurity ,
Data Protection ,
Data Security ,
EU ,
European Parliament ,
False Claims Act (FCA) ,
Federal Contractors ,
General Data Protection Regulation (GDPR) ,
Insurance Industry ,
Misrepresentation ,
NAIC ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Risk Assessment ,
Security Risk Assessments ,
Settlement ,
State Data Breach Notification Statutes ,
State Insurance Administrations ,
Whistleblower Awards ,
Whistleblowers
In this month's edition of our Privacy & Cybersecurity Update, we examine New York's new laws expanding consumer protection for data breaches, the D.C. Circuit's two rulings deepening the split regarding standing in data...more
8/2/2019
/ Article III ,
Biometric Information ,
Consumer Protection Laws ,
Cookies ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Debit and Credit Card Transactions ,
Equifax ,
Fair Credit Reporting Act (FCRA) ,
General Data Protection Regulation (GDPR) ,
Hackers ,
Identity Theft ,
Injury-in-Fact ,
Malware ,
New Legislation ,
Personally Identifiable Information ,
Popular ,
Search Results ,
Settlement ,
Spokeo v Robins ,
Standing ,
State and Local Government ,
State Data Breach Notification Statutes ,
UK
In this month's edition of our Privacy & Cybersecurity Update, we reflect on the GDPR's one-year anniversary while also examining the EU's new Cybersecurity Act. We also take a look at HHS' new guidance on direct liability of...more
7/2/2019
/ Appeals ,
Business Associates ,
Consumer Privacy Rights ,
Credit Cards ,
Cybersecurity ,
Data Breach ,
Data Sellers ,
Dish Network ,
EU Cybersecurity Act ,
European Council ,
General Data Protection Regulation (GDPR) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Internet Service Providers (ISPs) ,
Liability ,
Merchant Fees ,
Opt-Outs ,
Payment Processors ,
Personal Information ,
Personally Identifiable Information ,
Privacy Laws ,
State and Local Government ,
State Data Breach Notification Statutes ,
TCPA
Following a recent decision from the U.S. Court of Appeals for the Ninth Circuit in Khoja v. Orexigen Therapeutics, Inc., plaintiffs alleging securities fraud against companies in the pharmaceutical and life sciences sector...more
6/18/2019
/ Adverse Events ,
Defense Strategies ,
Extrinsic Evidence ,
Food and Drug Administration (FDA) ,
Life Sciences ,
Litigation Strategies ,
Motion to Dismiss ,
Pharmaceutical Industry ,
Pre-Trial Motions ,
Prescription Drugs ,
Securities Fraud ,
Securities Litigation ,
Stock Drop Litigation
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between February and April 2019. ...more
6/12/2019
/ Acquisitions ,
Appraisal Rights ,
Breach of Duty ,
Fiduciary Duty ,
Investment Advisers Act of 1940 ,
Material Misrepresentation ,
Materiality ,
Mergers ,
Omissions ,
Omnicare ,
Pleading Standards ,
Popular ,
Sarbanes-Oxley ,
Scienter ,
Securities ,
Securities Exchange Act ,
Securities Litigation ,
Suspicious Activity Reports (SARs)
In this month's edition of our Privacy & Cybersecurity Update, we examine expanded data breach notification laws in New Jersey and Washington state, as well as the SEC's risk alert regarding cloud-based storage solutions. We...more
6/3/2019
/ Amended Rules ,
Annual Reports ,
Cloud Storage ,
Cybersecurity ,
Data Breach ,
Data Protection Authority ,
Data Security ,
Federal Trade Commission (FTC) ,
Finland ,
General Data Protection Regulation (GDPR) ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
State Data Breach Notification Statutes ,
UK
In this month's Privacy & Cybersecurity Update, we examine several recent U.K.-related cybersecurity developments and the SEC's risk alert reminding investment advisers and broker-dealers to follow through on implementing...more
5/1/2019
/ Broker-Dealer ,
Canada ,
Commercial General Liability Policies ,
Cyber Insurance ,
Cyber Policies ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data-Sharing ,
Denial of Insurance Coverage ,
Designated Contract Markets (DCMs) ,
ENISA ,
Equifax ,
EU ,
Fines ,
General Data Protection Regulation (GDPR) ,
Government Investigations ,
Hackers ,
Investment Adviser ,
NCSC ,
OCIE ,
PIPEDA ,
Popular ,
Privacy Comissioners ,
Privacy Laws ,
Privacy Policy ,
Putative Class Actions ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Surveys ,
TCPA ,
UK ,
UK Data Protection Act ,
UK ICO ,
Unsolicited Faxes