Posts Categorized: Latest News

High Costs of Data Breaches Have Cost Target’s Chairman, President, and CEO Greg Steinhafel His Job

According to an article in the Washington Post (05/05/2014), Target has announced that Greg Steinhafel has agreed to step down immediately as the Chairman, President, and CEO of the company.  According to the Post, this resignation by Mr. Steinhafel has occurred nearly five months after the retailer disclosed its data breaches on December 19, 2013, that, according… Read more »

FTC pushes to regulate corporate cyber security

As reported in the Wall Street Journal (Tuesday, April 8, 2014), United States District Court Judge Esther Salas in New Jersey has rejected claims by Wyndham Worldwide Corp. that the FTC does not have power to regulate corporate data security issues.  According to the WSJ, the federal court ruled on Monday that the FTC’s authority allowed it to bring… Read more »

U.S. Supreme Court rules that severance payments are taxable wages

The U.S. Supreme Court has recently ruled that severance payments are taxable wages under the Federal Insurance Contributions Act (FICA).  In a unanimous decision issued on March 25, 2014, the Court overturned a decision of the U.S. Court of Appeals for the 6th Circuit, which had earlier ruled that severance payments are not taxable wages. … Read more »

Libby O’Brien Kingsley & Champion, LLC selected by U.S. News & World Report for “Best Law Firms 2014 – Maine”

Libby O’Brien Kingsley & Champion, LLC has been recently honored with a recognition by U.S. News & World Report  in its selection of “Best Law Firms 2014 – Maine.”   Selection is based on a rigorous evaluation process that includes the collection of client and lawyer evaluations and peer review from leading attorneys in their field.   With over 100… Read more »

Gene R. Libby recognized by Maine House of Representatives

Gene R. Libby was recognized by the Maine House of Representatives for being named in the 2014 edition of The Best Lawyers in America.  The House recognition (SLS 716) also recognized Gene for being selected to The Best Lawyers in America for the past ten years.  The recognition was sponsored by Representative Barry Hobbins, Representative… Read more »

Senate introduces Data Security Act

On January 15, 2014, Sens. Tom Carper (D-Del.) and Roy Blunt (R-Mo.) introduced legislation to improve safeguards for consumer information.  The Data Security Act would require companies that accept credit or debit card payments to have policies and procedures in place to protect consumer data from hackers and to act on breaches.  According to the… Read more »