By Gail Weinstein, Brian Mangino and Maxwell Yim (May 10, 2022, 5:30 p.m. EDT) — When a legal advisor’s emails are hacked and a shareholder’s merger consideration is paid to the hackers, who is responsible? ? Take the April 1 decision Sorenson Impact Foundation v. Continental Stock Transfer & Trust Co..
Hackers intercepted email communications from a law firm involved in the $130 million merger – under which Tassel Parent Inc. acquired Graduation Alliance Inc.
Tassel, the buyer, is a subsidiary of private equity firm Kohlberg Kravis Roberts & Co. LP.
The hackers posed online as two of the real shareholders of Graduation Alliance, the target, and managed to get paid the merger consideration instead…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!