Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Sony Pictures Entertainment issued a request that news organizations stop unveiling materials from a serious computer hack. Attorney David Boies wrote in a statement to news organizations that any information that has been stolen and illegally acquired should be destroyed by media companies. According to Mr. Boies, such companies will be held responsible for any damages that come as a result from their publications.

The letter by the companys attorney, one of the most prominent in the country, comes as a response to the fact that a large number of news organizations have used e-mails to and from the Motion Picture units Chief Amy Pascal, the TV divisions Chief Steve Mosko and General Counsel Leah.

Mr. Boies wrote in the letter to media organizations, cited by Bloomberg, that Sony Pictures “does not consent to your possession, review, copying, dissemination, publication, uploading, downloading, or making any use of the stolen information, and to request your cooperation in destroying the stolen information”. He also added that the company “will have no choice but to hold you responsible for any damage or loss” in case such company fail to comply with cooperating in destroying the information in question.

The letter comes only a day after a seventh wave of documents was released by hackers, who also threatened for another one. Mr. Boies letter to media organizations emphasizes on the problems related to the breach and the possible consequences.

The warning issued by Sony Pictures comes as a response to the information leak, following an excessive security breach at the studio. The letter, send by the attorney, also comes as a threat to news organizations, which fail to comply with the companys demands for taking responsibility for any damages or losses caused.

The official representatives of Sony Pictures did not respond when requested to comment on the letter.

Sony Corp. was down 3.59% to close at ¥2 353 per share today, marking a one-year increase of 29.78%. The company is valued at ¥2.85 trillion. According to the Financial Times, the 17 analysts offering 12-month price targets for Sony Corp. have a median target of ¥2 850, with a high estimate of ¥3 700 and a low estimate of ¥1 750. The median estimate represents a +16.78% increase from the last price of ¥2 440.5.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Spot Gold eases from 3-month high, focus set on FOMC meetingSpot Gold eases from 3-month high, focus set on FOMC meeting Spot Gold eased from a near 3-month peak of $2,786.06 per troy ounce on Monday on a stronger US Dollar.The US Dollar Index was gaining 0.21% on the day to 107.694, while making the yellow metal less appealing to holders of other […]
  • Honeywell suspected for Boeing 787 fire on FridayHoneywell suspected for Boeing 787 fire on Friday A component made by Honeywell supplier of Boeing for the production of 787 models aircraft, is coming under scrutiny in an investigation into the fire at Heathrow airport last Friday. The Ethiopian Airlines Dreamliner was reported from […]
  • Forex Market: GBP/JPY daily trading forecastForex Market: GBP/JPY daily trading forecast Yesterday’s trade saw GBP/JPY within the range of 173.02-173.96. The pair closed at 173.31, losing 0.03% on a daily basis.At 8:07 GMT today GBP/JPY was down 0.04% for the day to trade at 173.01. The pair broke the first key daily support […]
  • Bitcoin Soars Past $97,000Bitcoin Soars Past $97,000 Key Moments:Bitcoin reached the $97,213 mark on Friday, climbing by 0.7%. The cryptocurrency's market dominance has risen to 64.89%. On Thursday, Bitcoin ETF inflows exceeded $422 million.Bitcoin Extends Its Lead in Crypto […]
  • GBP/CAD bounces off two-week low on stronger UK retail sales growthGBP/CAD bounces off two-week low on stronger UK retail sales growth Key pointsGBP/CAD rebounds from two-week trough UK retail sales growth adds to case for more BoE rate hikes Canada retail sales data now in focusThe British Pound firmed against the Canadian Dollar on Friday, […]
  • Oil weekly recap, December 30 – January 3Oil weekly recap, December 30 – January 3 West Texas Intermediate crude fell on Friday, marking the worst weekly performance in 19 months after a report by the Energy Information Administration showed weak demand in the worlds top consumer and a jump in US refined product inventories. […]