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On the Mark
Publicity-shy
Sedona "Working Group One" Meets in Hilton Head
Mark Reichenbach writes in his blog about the very quiet "star chamber" gathering last week at Hilton Head, South Carolina for the Sedona Conference Working Group One annual meeting. He writes, "Before you ask, there will be no blogging from Sedona, er, Hilton Head. It doesn't work that way." Earlier in his post, he reports "Analogous to the Paris Air Show and its relation to the spy community, Sedona's annual meeting brings together a special combination of the brightest and best in the e-discovery legal community... make no mistake, there will be new work product teed-up for discussion, and you should understand that even though the dialog 'stays in Sedona' the fruits of the group’s collective effort don't." Past publications from the influential group can be found here.
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Maritime Cargo Fraud Warning
Cargoes Stolen with Counterfeit Electronic Release Documents
The International Transport Intermediaries Club (ITIC) warned members that misreleases of valuable container-ship cargos are becoming a major factor in claims by principals against their agents, and claimed that carelessness in dealing with telex releases has contributed to these losses. "Telex release" is the industry term for the release of cargo at one port when the original bill of lading has been surrendered at another. Today, despite its name, the telex release is almost always made by email. There have been multiple accounts of telex releases (emails) received by discharge port agents which have been manipulated to appear as though they have originated from the load port agent, and authorizing the release of cargoes and confirming that freight has been received, when it has not. ITIC is now recommending that agents verify the authenticity of messages before releasing cargo.
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Byte and Switch
Iron Mountain Buys e-Discovery Software Provider Stratify
Byte and Switch reported last week that Iron Mountain will shell out $158 million in cash to buy e-discovery vendor Stratify Inc. "Customers have been asking us for this... It's a white-hot market, by all accounts a billion-dollar market... We're seeing estimates between $4 billion and $12 billion in the next few years," said Iron Mountain president and COO Bob Brennan during last week's earnings conference call. Stratify's applications sift and search email, scanned documents, and electronic files for specific items, and they also map out relationships among threads and document groups, which attorneys can review when preparing for litigation. Iron Mountain will probably also attempt to leverage Stratify's Digital Repository to enhance its information retrieval services.
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