Erin Jane Illman partner with Bradley Arant Boult Cummings. Courtesy photo How Not to Make a Deal: 5 Key Cybersecurity Concerns in M&A
Liabilities and assets are no longer just limited to a company's books but have more wide-reaching implications around possessing data and the ability to safeguard that data.
July 12, 2022 at 06:12 PM
8 minute read
Cybersecurity
Cyber risks are increasing, and as a result, due diligence inquiries and valuations are increasingly focusing on the cybersecurity and privacy risks inherent in a business's collection, use, retention and disposal of data. Similarly, a business's information security posture and vulnerability to cyberattacks has become a key concern in corporate due diligence. Liabilities and assets are no longer just limited to a company's books but have more wide-reaching implications around possessing data and the ability to safeguard that data.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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