“Deflategate” and Text Messages: e-Discovery Lessons
E-Discovery finds itself in the headlines of the mainstream media again. This time, the general public gets a chance to learn about the discoverability of text messages—and the potential consequences of evidence spoliation—thanks to Tom Brady and the “deflategate” scandal. (For those of you who don’t follow sports, “deflategate” refers to allegations that the New England Patriot’s quarterback played with deliberately deflated footballs in the team’s victory over the Indianapolis Colts in the AFC Championship.)
Floodgates Open as Social Media Arrives in Finance World
Are you ready for tweets from your stockbroker? Morgan Stanley thinks so. The firm recently announced that it will allow its 17,000 financial advisors to access social media outlets Twitter and LinkedIn. Morgan Stanley’s move represents a sea change in the financial services industry.