Bloomberg Law: Corporate Secrets at Risk in Hack of US Courts Documents
January 7, 2021
O’Melveny partner Meaghan VerGow commented on the cyberhack of the US federal courts filing system, which threatens a variety of highly sensitive competitive and financial information and trade secrets, including companies’ sales figures, contracts, and product plans.
“Everything from the algorithms ERISA providers use to evaluate investments to pharmaceutical companies’ formulations and chemical processes could be exposed via court documents,” Bloomberg Law reported. “Whatever insider information has been improperly accessed could be used to manipulate securities markets and benefit foreign competitors.”
“It’s really quite stunning to imagine this information at risk of public disclosure,” said VerGow, who focuses on ERISA matters and assists clients with complex commercial litigation and class actions.
Bloomberg Law subscribers can read the full article here.