Sony Corp.’s share price down, Sony Pictures Entertainment requests media organizations to stop unveiling materials from computer hack

Sony Pictures Entertainment issued a request that news organizations stop unveiling materials from a serious computer hack. Attorney David Boies wrote in a statement to news organizations that any information that has been stolen and illegally acquired should be destroyed by media companies. According to Mr. Boies, such companies will be held responsible for any damages that come as a result from their publications.

The letter by the companys attorney, one of the most prominent in the country, comes as a response to the fact that a large number of news organizations have used e-mails to and from the Motion Picture units Chief Amy Pascal, the TV divisions Chief Steve Mosko and General Counsel Leah.

Mr. Boies wrote in the letter to media organizations, cited by Bloomberg, that Sony Pictures “does not consent to your possession, review, copying, dissemination, publication, uploading, downloading, or making any use of the stolen information, and to request your cooperation in destroying the stolen information”. He also added that the company “will have no choice but to hold you responsible for any damage or loss” in case such company fail to comply with cooperating in destroying the information in question.

The letter comes only a day after a seventh wave of documents was released by hackers, who also threatened for another one. Mr. Boies letter to media organizations emphasizes on the problems related to the breach and the possible consequences.

The warning issued by Sony Pictures comes as a response to the information leak, following an excessive security breach at the studio. The letter, send by the attorney, also comes as a threat to news organizations, which fail to comply with the companys demands for taking responsibility for any damages or losses caused.

The official representatives of Sony Pictures did not respond when requested to comment on the letter.

Sony Corp. was down 3.59% to close at ¥2 353 per share today, marking a one-year increase of 29.78%. The company is valued at ¥2.85 trillion. According to the Financial Times, the 17 analysts offering 12-month price targets for Sony Corp. have a median target of ¥2 850, with a high estimate of ¥3 700 and a low estimate of ¥1 750. The median estimate represents a +16.78% increase from the last price of ¥2 440.5.