The enclosed first day Affidavit and article () say everything about the state of FTX at the time of the filling for Chapter 11. FTXs appointed liquidator John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that…
Time to make sure that the insurance policies are up to date, as a 2nd class action suit is raised against Medibank and is under consideration. With the attack generating so much political and media attention the legal case will…
What will happen next with crypto currencies. 2022 has been a bumpy ride with a tail of woe and poor governance. A crypto market that regulators recognised needed management, but one suspects grew to quickly and was underpinned by technology…
Thanks for posting Ted Dziekanowski, it goes someway to explain the relative ease by which money could be moved around. But it does not explain the appropriateness of financial governance and oversight. While the monies invested may be low as…
If true, I am not sure any words can adequately describe the governance of the funds held by FTX and the transferring of monies around the balance sheet, or off the balance sheet. The FTX bankruptcy is going to raise…
The recent class action settlement, SEC Wells order and the enclosed Delaware Court dismissal of a Caremark claim. ‘In the context of a Caremark claim, pleading such bad faith typically requires allegations establishing that the directors either (1) utterly failed…
This is one to watch, as things look to get more interesting for SolarWinds. On the upside, SolarWinds has reached a settlement with investors following the 2020 cyber attack, that should bring some relief to the company and CISO. ()…
A great read about the changing cyber compliance landscape and its potential impact on boards outside the U.S. With the recent Uber case and criminal prosecution of the ex-CSO, and the announcement last week by the FTC to take action…
Thank you John Rouffas for posting. Thats going to get some attention for data breaches. A minimum $50million, three times the benefit of using the data or 30% of a company’s adjusted turnover in the relevant period. It may focus…
Nice to see alignment between the Australian Institute of Company Directors, the National Association of Company Directors (U.S) and the WEF on cybersecurity principles. Especially the role of cybersecurity oversight and assurance in the board room. () The challenge ahead…
