Category: Lawsuits
OneTrust board changes ready it for ‘last phase as a private company’
Privacy technology company OneTrust announced a series of changes to its board of directors and governance structure Wednesday, which it says positions the company for future growth.
Under the revised governance arrangement, CEO Kabir Barday, CIPP/E, CIPP/US, CIPM, CIPT, FIP, will be joined by Coatue Management’s Thomas Laffont and Insight Partners’ Richard Wells. Current board members Alan Dabbiere, David Dabbiere and John Marshall will depart from the board, which now seeks “four new independent board members resulting in a majority-independent board of seven people,” according to the company’s press release.
“Today, we have a clear path forward, strong investor demand, and the capital to support this last phase as a private company,” Barday said in comments provided to The Privacy Advisor.
Monsanto must pay $857 million over PCB exposure at a Washington school
A US jury has ordered Bayer subsidiary Monsanto to pay $857 million (£676 million) to seven people – including former students and parent volunteers at a school in Washington state – who said they were sickened by exposure to polychlorinated biphenyls (PCBs) that the company sold. The PBCs were apparently used in fire safety fluid in the school that leaked…