LAW2629: Is Matthew liable for the losses suffered because of the breach

1. Is Matthew liable for the losses suffered because of the breach of IT security?
2. Is Vladimir liable or is the company liable?
3. Do the company and all the directors have a responsibility to prevent the theft of client confidential data?
4.  Given the above financial position of Metrix, Wei Shun the chief financial officer has advised the Board of Directors that Metrix urgently needs an injection of funds. Wei Shun has indicated that Metrix only has sufficient cash at the bank to fund 3 months of operations. The amount of funds needed is approximately $10,000,000 to $15,000,000. Samuel, Carolyn, and Gary have considered the following options:

• A rights issue
• Private placement
• Reinvestment plan
• Loan from their major bank
• Go public SHAREHOLDING OF METRIX

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