Litigation Financing

Early in 2020 there has been a serious data leak at the car rental company Buchbinder according to media reports in the computer magazine c’t and the weekly newspaper Zeit. Personal data of three million clients have been leaked and are accessible (unencrypted) for anyone on the internet. According to the media all Buchbinder clients (car renters and drivers) from...

Bankruptcy proceedings have now been instituted against ShareWood Switzerland AG at the Zurich District Court in addition to the criminal proceedings.

The Prosecutor has initiated criminal proceedings against the company and the management of ShareWood Switzerland AG (Peter Möckli and Michael Steg). These upon urgent suspicion of commercial fraud and violation of the Federal Act against Unfair Competition. ShareWood´s website has been blocked by the authorities.

The Innsbruck Regional Court has issued a positive judgement in the first three cases recently. The Court has ordered HG Lab Truck to disclose wether the plaintiffs were affected by the data breach or not. The claim for damages asserted in this context due to the refusal to provide information about the data leak (which was in any case delayed) has not yet been ruled by the...

The first claims for damages against Ledger SAS have been filled in Germany. These damages relate to breaches of data protection law. Ledger SAS is one of the world´s best-known manufacturers of hardware wallets. Ledger SAS had a major security breach in their online shop in the year 2020. The breach occured in their e-commerce and marketing database with over one million...

Cyber trading fraudersts have found a new disguise for their payment transactions with the aid of cryptocurrency exchanges. They help their victims with the set up of a so-called wallet (account) with the help of a TeamViewer. The victims will subsequently transfer their funds to the account of the cryptocurrency exchanges. Henceforth the funds will then be exchanged into...