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21 Oct 2014, 3:05 am by Kevin LaCroix
 Along with the separate derivative lawsuit filed against Target Corporation’s board, the cyber breach-related derivate action filed against Wyndham Worldwide Corporation’s board has been closely watched as representative of a potential new area  liability exposure for corporate directors and officers. [read post]
3 Sep 2014, 4:14 am by Kevin LaCroix
The controversy seemed headed for a swift resolution when the Delaware General Assembly quickly moved to act on a measure that would have limited the Supreme Court’s ruling to non-stock corporations (meaning that it wouldn’t apply to Delaware stock corporations). [read post]
22 Aug 2014, 10:23 am by Sabrina I. Pacifici
Recently, the FTC’s powers for data protection have been challenged by Wyndham Worldwide Corporation and LabMD. [read post]
9 Jul 2014, 11:22 am by Jim Butler
Other recent transactions include the acquisition of the 244-room Crowne Plaza Los Angeles Harbor Hotel, the 151-room Hampton Inn Newark-Airport, and the 349-room Wyndham Garden Hotel Newark Airport, investments into various U.S. commercial real estate partnership or joint ventures, and the construction and development of a hotel in Manhattan. [read post]
9 Jul 2014, 5:04 am by Kevin LaCroix
The recent lawsuits filed against Target (refer here) and Wyndham Worldwide (refer here) underscore this point. [read post]
4 Jun 2014, 4:34 am by Kevin LaCroix
Indeed, the plaintiffs’ securities class action bar has recently filed two shareholder derivative actions against the boards of directors of both Target and Wyndham Worldwide Hotels as a result of their publicly reported cyber breaches. [read post]
31 May 2014, 1:37 pm by Francis Pileggi
As an indication of how real this concern is, Kevin LaCroix reports on a recent derivative suit that was filed against Wyndham Worldwide’s Board based on cybersecurity related liability issues. [read post]
23 May 2014, 10:50 am
As we noted a few weeks ago, in a separate case the FTC brought against Wyndham Worldwide Corp, Federal District Court Judge Esther Salas on April 7, 2014, upheld the Federal Trade Commission's right to police corporate cybersecurity practices under its authority, pursuant to Section 5(a) of the Federal Trade Commission Act, 15 U.S.C. [read post]
7 May 2014, 4:15 am by Kevin LaCroix
 In what is the latest example of the potential cybersecurity-related liability of corporate boards, a shareholder for Wyndham Worldwide Corporation has initiated a derivative lawsuit against certain directors and officers of the company, as well as against the company itself as nominal defendant, related to the three data breaches the company the company and its operating units sustained during the period April 2008 to January 2010. [read post]
23 Apr 2014, 2:12 pm
As we previously mentioned, the court denied Wyndham Worldwide Corp.'s motion to dismiss a suit the FTC brought against it which arose out of three separate alleged hacking incidents that occurred over a two year period. [read post]
10 Apr 2014, 11:08 am by Christine Nielsen Czuprynski
A New Jersey federal court is allowing the FTC’s case against Wyndham Worldwide Corporation to go forward, denying Wyndham’s Motion to Dismiss on both the unfairness and deception counts. [read post]
9 Apr 2014, 3:40 am by Kevin LaCroix
In a public company D&O policy, the corporate entity is provided coverage only for securities claims. [read post]
8 Apr 2014, 10:02 am by Omer Tene
The Federal Trade Commission’s (FTC) resounding victory over Wyndham Worldwide Corporation in a U.S. [read post]