CHICAGO, February 22, 2024—Data breaches are becoming increasingly common and detrimental to companies. The scale of data breach class actions exploded in 2023, as companies faced copycat and follow-on lawsuits across multiple jurisdictions. To assist with understanding trends in this realm, Duane Morris LLP has released the Duane Morris Data Breach Class Action Review – 2024, an annual publication that analyzes the key data breach rulings, settlements and litigation developments in 2023 and the significant trends that are apt to impact these types of class actions in 2024.
In 2023, the top 10 class action settlements in the data breach space totaled $515.75 million. This was a significant increase over 2022, when the top 10 data breach class actions totaled $350 million.
Written by Duane Morris partners Gerald L. Maatman, Jr. and Jennifer A. Riley, the Data Breach Class Action Review – 2024 highlights the authors’ broad experience defending these class actions across the country and aims to provide clients with an analysis of trends and significant rulings to enable them to make informed decisions in dealing with complex litigation risks.
“Data breach class action litigation continues to grow into a high-stakes arena,” says Maatman, “and the playbook of the plaintiffs’ class action bar in data breach cases continues to press the legal envelope on how courts are willing to interpret injuries stemming from data breaches and methods for calculating damages.”
“We hope this book will assist our clients by identifying developing trends in the case law and offering practical approaches in dealing with the major impact of these types of class actions,” added Riley.
Manifesting the collective knowledge of the Duane Morris Class Action Defense Group and more than 125 years’ combined class action experience of our editors, the Duane Morris Data Breach Class Action Review – 2024 is designed to serve as an essential desktop reference for corporate counsel and business decision-makers to identify data breach risks, implement strategies to mitigate those risks, and best understand the significant monetary exposure for organizations that face a legal challenge regarding these risks.
Download the Data Breach Class Action Review – 2024 e-book from the publisher. The e-book is fully searchable and viewable from any device.
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