Proving that big data and digital companies continue to intrigue big investors, big data analytics company Informatica has been purchased by private equity group Permira and the Canada Pension Plan Investment Board for $5.3...more
The Federal Trade Commission (FTC) announced last week that it is settling investigations against American International Mailing, Inc. and TES Franchising LLC alleging that each were misrepresenting to consumers that they...more
Online gaming software company Playtech Ltd. has announced that it is purchasing TradeFX for close to $499 million, representing just over 91% of TradeFX’s worth. Playtech’s acquisition of TradeFX, which operates the site...more
IBM researchers reported late last week that they have identified an increase in the use of Dyre Wolf malware which has contributed to the loss of millions of dollars from victim companies. Dyre Wolf allows the intruders to...more
Late last week, a federal court judge in New Jersey dismissed a putative class action lawsuit against Horizon Blue Cross for a data breach involving two unencrypted laptops that were lost in 2013. The case alleged that close...more
We have been closely watching the class action suits against PF Chang’s (and other retailers) relating to the bistro’s data breach last year. In December, a federal district court in Illinois dismissed a proposed class action...more
Social media company Pinterest announced that it is worth $11 billion after its latest funding round of $367 million. Pinterest, founded in 2010, which calls itself a “visual bookmarking tool” helps its customers discover and...more
The Internet of Things allows consumers to program and monitor all sorts of equipment, devices and appliances, including smart meters, ovens, TVs and refrigerators. It is well known that most of these devices that are...more
Did you know that your car has a recording device that records the speed, direction, and location of your vehicle while you are driving it, as well as your steering, braking, seat belt use and erratic driver behavior?...more
The litigation between LabMD and the FTC is not mellowing.
Last week, LabMD filed a Motion to Exclude the FTC’s admission of all Tiversa documents during the FTC administrative hearing scheduled for May 5th....more
Walgreen Co. this week settled a putative class action law suit alleging that it violated the Telephone Consumer Protection Act (TCPA) for $11 million. The plaintiffs alleged that Walgreen violated TCPA when it placed...more
Days following Premera Blue Cross’s public announcement that it had experienced a data breach affecting approximately 11 million, it has been sued five times (as of the time of this writing) in proposed class action lawsuits...more
Judge Paul Magnuson, who is presiding over the Target multi-district class action litigation in Minnesota, preliminarily approved the parties’ proposed settlement of the litigation involving the infamous breach affecting up...more
A closely watched bipartisan national data privacy, security, and breach notification bill cleared a House subcommittee yesterday, sending it to the full House Energy and Commerce Committee for review. There have been many...more