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A comment on Slack Security Incident. Parent comment

Re:Slack Security Incident by save_ferris on Friday July 19, 2019 @10:13AM (#20478792)
Would shareholders have a case to make for fraud here? Slack clearly didn't want this information getting out pre-IPO, as a security disclosure in this case would certainly impact public confidence in the company.
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Re:Slack Security Incident by jdavis703 on Friday July 19, 2019 @10:21AM (#20478861)
Every tech IPO filing has a generic statement saying something like "our software may contain bugs, including bugs that we cannot fix blah blah blah." So unless Slack has made fraudulent statements about this specific breach, I doubt they've done anything illegal WRT securities fraud.
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Re:Slack Security Incident by gmmeyer on Friday July 19, 2019 @10:43AM (#20479044)
I'm sure shareholders will sue, because they try to turn everything into a violation of securities law. But securities law shouldn't be the only way to regulate companies imo
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Re:Slack Security Incident by lonelappde on Friday July 19, 2019 @10:16AM (#20478817)
bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud
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Re:Slack Security Incident by mtgx on Friday July 19, 2019 @10:24AM (#20478887)
This is large companies must notify the authorities within days of such a data breach in the EU now - no room for "guessing" whether or not the companies should be sued over this type of fraud.
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