Social Media Lawsuits, $2 Billion in Bank Fines

Bloomberg legal reporter Joel Rosenblatt discusses lawsuits attempting to place responsibility for the dangers of social media on the companies that run the most popular platforms. Securities law attorney Robert Heim, a partner at Tarter Krinsky & Drogin LLP, discusses Wall Street Banks being hit with more than $2 billion in penalties for failing to monitor employees’ communications on unauthorized messaging apps. June Grasso hosts. See omnystudio.com/listener for privacy information.