News
Apple Agrees to Settle Siri User Privacy Claims For $95 Million
On December 31, 2024, Fumiko Lopez, Fumiko Lopez as guardian of A.L., a minor, John Troy Pappas, and David Yacubian--Plaintiffs in Lopez et al v. Apple Inc., No. 4:19-cv-04577-JSW (N.D. Cal)--moved for preliminary approval of a $95 million class action settlement with...
$3,600,000 Settlement on Behalf of Global Payments Investors
Lowey Dannenberg is pleased to announce that on Friday, December 13, 2024, Judge Leigh Martin May issued final approval on a $3.6 million settlement on behalf of Global Payments investors. In her Friday Order, Judge Leigh Martin May found the Settlement was,...
For Better or For Worse: SEC Adopts New Rules Relating to SPACs
The United States Securities and Exchange Commission (“SEC”), by a 3-2 vote, recently adopted new rules and amendments pertaining to special purpose acquisition companies (“SPACs”) (“SPAC Rules”)[1] to “enhance disclosures and provide additional investor protection”...
A Company’s Representations Relating to its Cybersecurity Can be the Basis of a Section 10(b) Fraud Action
SolarWinds is a major software company that sells high-end software to governmental and private entities and provides system management tools for network and infrastructure monitoring to hundreds of thousands of organizations around the world. In December 2020,...