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Join the Securities Litigation and Enforcement Group on LinkedInEquifax Data Breach Litigation Now Includes Securities Suit | The D&O Diary
In the wake of credit monitoring and reporting firm Equifax’s announcement last week that it had sustained a data breach involving 143 million U.S. customers, a wave of consumer class action lawsuits has followed. In addition, the litigation wave now also includes at least one securities class action lawsuit; more securities suits are likely to […]
US gambler will not go scot free in insider trading appeal
A federal appeals court on Tuesday rejected a bid by famed Las Vegas sports gambler William “Billy” Walters on Tuesday to remain free while he appeals his conviction and five-year prison sentence for insider trading. The U.S. Court of Appeals for the 2nd Circuit in Manhattan denied Walters’ motion to remain free on bail during […]
Equifax execs should face jail for alleged insider trading, U.S. senator says – Atlanta Business Chronicle
Sen. Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million worth of company stock after the company learned of the breach but before it was made public, the New York Times reported. “If that happened, somebody needs to go to jail,” […]