Three couples planning to get married in Virginia have filed a federal lawsuit challenging a state requirement that they disclose their race on their marriage application. One Virginia county, Rockbridge County, provided a list of more than 200 potential races to a couple that questioned the requirement. The Rockbridge County Circuit Court clerk, who is named as a defendant in the lawsuit, did …
A Yahoo shareholder launched a class action lawsuit this week accusing the ailing tech giant of lying about and “recklessly” failing to disclose cybersecurity problems and massive data breaches, thereby violating federal securities laws and costing shareholders “significant losses and damages.” Yahoo suffered two massive breaches in 2016 hitting 1.5 billion user accounts across both incidents. …
Earlier this year, Voltage Pictures, which previously engaged in a lengthy court battle to require Canadian ISPs to disclose the names of alleged file sharers, adopted a new legal strategy. While the company obtained an order to disclose names in the earlier case, it came with conditions and costs. Its latest approach involves filing a reverse class action lawsuit against an unknown number of …
After receiving an inquiry from a government agency, such as a subpoena, a Civil Investigative Demand (“CID”), or an informal request for information, public companies ask whether they must disclose publicly that they may be under investigation. A corollary question to public disclosure is how broadly to disclose internally, to lenders, or to D&O insurers. The standards for disclosing …