In a setback for many U.S. companies, the European Court of Justice (CJEU), the EU's highest court, on Tuesday struck down a 15-year-old agreement allowing the personal data of customers and employees to flow freely from Europe back to the United States. By nixing the safe harbor agreement that around 4,500 companies rely on to move data without dealing with Europe's strict data privacy laws, the court has thrown into question what had been assured legal protection.
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