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Dorsey & Whitney LLP

The Supreme Court Update - June 10, 2024

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Today, the Supreme Court of the United States granted certiorari in two cases: Facebook v. Amalgamated Bank, No. 23-980: This securities law case arises from a shareholder lawsuit against Facebook, which claimed Facebook...more

Stikeman Elliott LLP

Privacy Class Action Against Facebook Not Certified on Appeal: Divisional Court Reinforces Need for “Some Basis in Fact” for Class...

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In Simpson v. Facebook, Inc., the Ontario Divisional Court upheld the dismissal of the plaintiff’s certification motion against Facebook in a proposed class action alleging that the personal data of Canadian Facebook users...more

Nutter McClennen & Fish LLP

Facebook Ordered to Turn Over Internal Investigation Documents to Massachusetts Attorney General

Judge Davis of the BLS ordered Facebook to produce documents to Massachusetts Attorney General Maura Healey (AG). The AG obtained the order while investigating Facebook’s policies and protections related to user data. The...more

Seyfarth Shaw LLP

FTC Rules Political Ad Marketing Firm Cambridge Analytica Deceived Facebook Users

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Synopsis: On December 6, 2019, the Federal Trade Commission issued a unanimous ruling against political data firm Cambridge Analytica for violating Section 5 of the FTC Act by misrepresenting that it would not download...more

Balch & Bingham LLP

FTC Issues Opinion and Final Order Against Cambridge Analytica

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On December 6, 2019, the FTC issued an opinion finding that Cambridge Analytica, they had engaged in deceptive practices to collect personal information from several users of Facebook for purposes of voter profiling and...more

Husch Blackwell LLP

FTC Issues Opinion And Order Against Cambridge Analytica For Deceiving Facebook Users

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Keypoint: The fallout from the 2018 Cambridge Analytica incident continues with the FTC’s issuance of this unanimous opinion and order. On December 6, the Federal Trade Commission (“FTC”) issued a unanimous opinion (the...more

Robins Kaplan LLP

Financial Daily Dose 11.04.2019 | Top Story: Feds Probe Under Armour Accounting Practices

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Federal authorities have been looking into Under Armour’s accounting practices for the better part of the past two years, a revelation that sent company shares reeling in premarket trading this morning....more

Holland & Hart - Your Trial Message

Expect that Our Romance with Tech Companies Might Be Over

On a recent series of flights, I watched “Valley of the Boom,” an unconventional but highly- entertaining miniseries focusing on all of the shenanigans that accompanied the early 1990’s Silicon Valley technology boom and...more

Robins Kaplan LLP

Financial Daily Dose 10.9.2019 | Top Story: Chair Powell says Fed will Expand its Treasury Securities Holdings

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Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy...more

Sunstein LLP

FTC Unfriends Facebook But Wants to Stay in Touch

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The Federal Trade Commission announced its settlement with Facebook on the same day that Robert Mueller testified before the House Judiciary Committee. While this may have been calculated to take Facebook off the front page,...more

Eversheds Sutherland (US) LLP

Facebook’s settlements with the Federal Government - Key takeaways for all companies to consider

On July 24, 2019, both the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) announced landmark settlements with Facebook. The agreements were significant not only because of the hefty fines...more

Proskauer Rose LLP

Hypothetical Risk Factors Pose a Real Risk

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On July 24, 2019, the Securities and Exchange Commission (the "SEC") announced charges against Facebook Inc. ("Facebook") for making misleading statements and risk factor disclosures regarding the misuse of Facebook user data...more

Barnea Jaffa Lande & Co.

When the Privacy Watchdogs Bare Their Teeth

July 2019 brought an escalation in the enforcement of privacy infringements by companies around the world. The trend began with a press release published on July 8, 2019, of a fine in the approximate amount of GBP 183 million...more

Ballard Spahr LLP

Facebook to Pay $5 Billion for Violating 2012 FTC Consent Order

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Just two days after the Federal Trade Commission (“FTC”) announced a historic settlement of privacy and security claims against Equifax, the FTC today announced that Facebook has agreed to pay $5 billion in civil fines,...more

Fox Rothschild LLP

Chancery Grants Inspection of Books and Records to Facebook Investors Concerning Data Breach

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On May 31, 2019, the Court of Chancery issued a 57-page memorandum opinion ordering Facebook Inc. to provide certain corporate books and records to various plaintiff investors, in the case of In re Facebook Inc. Section 220...more

Stinson - Corporate & Securities Law Blog

Shareholder Files Derivative Action against Facebook Directors for Insider Trading

In a wide ranging derivative action, a Facebook shareholder has filed a 193 page complaint in the Delaware Court of Chancery alleging three Facebook directors sold a total of $1.5 billion of stock while in possession of...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Fascinating weekend feature from the Journal exploring how Sears Roebuck went from the dominant force in American retailing to the bankrupt shell of a company that it is now—all within a period of just 40 years....more

Hanzo

Cambridge Analytica Shook Up the Way We View Data Privacy—and Ediscovery Collections

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After 2018, companies may never view online data collection in the same way again. Just as the world was turning its attention to the importance of protecting individuals’ data privacy, Facebook stumbled into a series of...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The Federal Reserve, as long forecast, raised its benchmark interest rate a quarter point on Wednesday. Chair Powell noted that a downturn in financial markets and weakened financial growth “may signal some softening relative...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Some reaction to the HQ2 x2 news, including what a pair of new tech hubs actually means for the cities that have thrown out the red carpet to Amazon and other technology giants....more

Nelson Mullins Riley & Scarborough LLP

Facebook Privacy in the Midst of Cambridge Analytica and GDPR Implementation

Since its founding in 2004, Facebook has amassed a user base of 2.23 billion active users. Social media sites, such as Facebook, allow individuals to stay connected with friends and family and instantly share content within...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Uber’s throwing in the towel on Otto, its self-driving truck unit that was at the center of an IP-theft scandal with Waymo and will shift its focus to autonomous cars....more

Mitratech Holdings, Inc

Data Privacy – This Year’s Hottest Topic

At Mitratech, I work in the division of the company that develops solutions in the areas of governance, risk, and compliance (GRC). At first blush to an outsider, this may not sound very exciting and might even sound somewhat...more

Proskauer - New Media & Technology

Unanticipated Mobile Data Leaks Remain an Ongoing Issue

There has been a lot of attention in the media lately with respect to the Facebook/Cambridge Analytica issue and its fall-out (including today’s coverage of the announcement that Facebook suspended almost 200 apps pending a...more

Burns & Levinson LLP

How Many Website Privacy Policies to Maintain in Preparation for GDPR?

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Under the GDPR, data controllers are tasked with communicating to data subjects how their data is processed in a way that is both concise and transparent. From a consumer-protection perspective, this is undoubtedly one of the...more

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