Securities Fraud Claims Get Boost From EU Data Privacy Rules

Investors have filed 14 class actions since January 2018 against companies such as Alphabet Inc.’s Google and Facebook Inc., alleging that bad publicity around data breaches or security flaws, or changes in the data privacy landscape, caused their stock prices to drop, Bloomberg Law data show. Eleven of the lawsuits were filed after the EU’s General Data Protection Regulation (GDPR) took effect last May.

Source: Securities Fraud Claims Get Boost From EU Data Privacy Rules