SEC Holds Roundtable on Cybersecurity

On March 26, the Securities and Exchange Commission (SEC) held a roundtable discussion regarding the issues and challenges that cybersecurity presents for market participants and public companies. The roundtable was divided into four panels, discussing in turn the...

Disclaiming Consequential Damages and Lost Profits

On March 27, 2014, the New York’s Court of Appeals ruled, in apparent contravention of most practitioners’ understanding of New York law, that a contract’s consequential damages disclaimer did not preclude recovery of the lost profits. The relevant...