4 ms·
If you testify to the SEC that you didn't manage you division well enough to even know that basic security was being handled appropriately, as a shareholder, ca
by SomeStupidPoint 9y ago
If you testify to the SEC that you didn't manage you division well enough to even know that basic security was being handled appropriately, as a shareholder, can I sue you for negligence?
Cause it sounds like you're testifying that you're just not doing your job in any meaningful capacity, and I should be able to include that as a fact in a civil suit, since you swore in public record that it was the truth.
Forcing them to testify that they didn't fulfill their duties to the shareholders in order to not be responsible personally for the breaches may introduce enough liability all on its own.
- ianai 9y agoYou can sue anyone for anything in our legal system. It's just a matter whether you have the time and funds and a good case, of course.
- SerLava 9y agoNobody ever asks if they can open a lawsuit against someone. They ask if an opened suit can possibly succeed. That is what "can I sue" means colloquially, one hundred percent of the time.
- colejohnson66 9y agoI wouldn’t say 100%; maybe 99.9%
- ThrustVectoring 9y agoI think so? Doing bad things and then not informing shareholders about it tends to turn "these guys should be prosecuted" into securities fraud cases.
- TCM 9y agoIts probably far easier to organize with your other shareholders to get that person fired. Suing is an option but you should probably try what I suggested in the mean time.
- greglindahl 9y agoNo need to organize your own lawsuit: https://www.usatoday.com/story/money/2017/09/11/equifax-hit-least-23-class-action-lawsuits-over-massive-cyberbreach/653909001/ https://www.usatoday.com/story/money/2017/09/11/equifax-hit-...
- umanwizard 9y agoNothing forces the accused to testify about anything.