From Bedrossian v. Cal. State Pers. Bd., decided Tuesday by California Court of Appeal Justice Frances Rothschild, joined by Justices Gregory Weingart and Michelle Kim: The [State Compensation Insurance Fund] employed Bedrossian as a staff attorney beginning in March 2004 and ultimately promoted her to attorney IV. In the latter position, she was responsible for litigating worker’s compensation cases involving “confidential and sensitive information.” A “duty statement” Bedrossian signed lists among her responsibilities as an attorney IV “[m]aintain[ing] user mastery over [the Fund’s] computer-based technology” and “communicat[ing] professionally and efficiently.” … The Fund “require[s] that all employees take [cyber]security awareness…

Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,718.98 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings.The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.The company held 843,775 bitcoin as of July 26, up 25% from the start of the year. At current prices, the stash is worth roughly $54.8 billion, compared with an acquisition cost of $63.7 billion.The report came after a period of growing investor scrutiny on the firm over…

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