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LabCorp Faces Shareholder Lawsuit Over Breaches

LabCorp has been hit with a shareholder lawsuit over the role of the board and top executives in two data breaches that led to investor losses. So reports TechCrunch.

gavel 3576932 640smallThe lawsuit in Delaware Chancery Court claims that the board “unlawfully concealed” the incidents and improperly failed to address “insufficient cybersecurity procedures.”

A LabCorp spokesperson said the derivative suit would be “vigorously defended.”

Read the full article from TechCrunch.

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