Former Wisconsin Senator Sues Over Alleged Massive Illegal Conspiracy

Kevin Shibilski, former Wisconsin State Senator from Wisconsin's 24th Legislative District, represented by Johnson & Bell, filed civil fraud and conspiracy claims against James Moss, Thomas Drake, and other former business partners in the Western District of Wisconsin today. The lawsuit also identifies Ladysmith Federal Savings and Loan as an active participant in the fraud scam.

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Former Wisconsin Senator Sues Over Alleged Massive Illegal Conspiracy

Yahoo hack may become test case for SEC data breach disclosure rules

By Dustin Volz WASHINGTON (Reuters) – Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. Democratic Senator Mark Warner this week asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives properly disclosed the attack, which Yahoo blamed on Sept. 22 on a “state-sponsored actor.” The Yahoo hack could become a test case of the SEC's guidelines, said Jacob Olcott, former Senate Commerce Committee counsel who helped develop them, due to the size of the breach, intense public scrutiny and uncertainty over the timing of Yahoo's discovery.

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Yahoo hack may become test case for SEC data breach disclosure rules

Viacom forms committee to consider Redstone’s CBS merger push

(Reuters) – Viacom Inc said it had formed a special committee to consider National Amusements Inc's proposal to combine the company with CBS Corp . National Amusements, owned by media baron Sumner Redstone and his daughter Shari Redstone, on Thursday urged the boards of Viacom and CBS to explore a combination. National Amusements, the majority shareholder of CBS and Viacom, also said it would not support the acquisition of either media company by a third party or surrender its control of either firm.

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Viacom forms committee to consider Redstone’s CBS merger push