Gerard Stegmaier

Apr 5, 2024 | legal.thomsonreuters.com | Brenda R. Sharton |Gerard Stegmaier |Goodwin Procter

Corporate directors and officers may increasingly be targets of shareholder derivative lawsuits in the wake of the surge of regulatory actions and private litigation around data breaches. While no individual directors and officers have been held liable for the costs of a data breach to date, such lawsuits have been filed. Signals from plaintiffs' attorneys indicate that, if they have their way, the wave will break soon. Corporate leaders need not be caught off guard.