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by mingus88
382 days ago
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One has to wonder what type of legal requirement this satisfies. It certainly wouldn’t hold up to the “beyond a reasonable doubt” standard for US criminal prosecution. I’ve been exposed to “lit holds” for various document management system before and usually a third party such as Box or Microsoft can attest to the immutability of files placed under lit hold, and/or there is an audit trail to make sure the chain of custody is intact. |
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Typically between commercially reasonable and best efforts.
> been exposed to “lit holds” for various document management system before
I think these are held to a higher standard than run-of-the-mill securities compliance.