Zoom Investors Narrowly Beat Dismissal Of Securities Suit

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

By Dean Seal (February 16, 2022, 9:51 PM EST) — A California federal judge dismissed the majority of a proposed securities class action against Zoom on Wednesday, but said the popular videoconferencing provider must face a fraud claim for telling investors that it offered end-to-end encryption.

U.S. District Judge James Donato is giving the proposed class a chance to amend the rest of their claims, launched in the early days of the pandemic, that Zoom Video Communications Inc. misrepresented its security measures and data privacy protections in its initial public offering documents.

This became clear following widespread adoption of Zoom’s videoconferencing service in March and April 2020, the investors alleged, after…

Read more

Explore the site

More from the blog

Latest News