Companies facing lawsuits and regulatory audits must produce specific electronic data by court-mandated deadlines. Those that can’t risk multimillion-dollar fines and penalties. Yet two-thirds of companies have no policies for saving, purging and managing e-mail.
Find out what happened to German investment bank WestLB after it was hit with a sex discrimination suitand had to dig up 650,000 e-mail messages and documents.
Case Study: WestLB Securities
Also In This Feature:
QUESTION: What’s the best strategy for avoiding the high cost of producing electronic documents in a court case? E-mail us at [email protected].