Cybertheft Lawsuit: Court Dismisses Fiduciary Breach Claims Against Plan Sponsor for a Second Time | Groom Law Group, Chartered
I. Court’s Analysis The court’s analysis centered on whether the plaintiff had sufficiently alleged that Abbott Labs breached its duty of prudence and duty to monitor Alight based on several new allegations in the amended complaint. In this regard, the plaintiff alleged that Abbott Labs breached its duties when initially hiring Alight and subsequently renewing its contract despite several cybersecurity and data privacy incidents involving Alight and its predecessor company, which she argued Abbott Labs knew or should have known. Specifically, the plaintiff identified the following inciden...
Source: jdsupra.com