Foley Senior Counsel Eric Chow Quoted in LegalTech News on Data Privacy in M&A Transactions

Foley & Lardner LLP Senior Counsel Eric Chow was recently quoted in the LegalTech News story, “Data Privacy Due Diligence is Becoming More Vital in M&A Transactions.”  The article notes that carriers insuring private equity-backed transactions are paying close attention to a company’s data privacy practices.  Chow commented, ““Insurers’ due diligence is a new workstream. The coverage that we would get from the insurer regarding compliance with data privacy laws, data breach [notification requirements] and security at-large are key parts of that negotiation. Sometimes carriers will look to have different deductibles [and] caps and the scope of coverage can be negotiated—that’s a growing area of M&A.”