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Lawyers can snag $21 million from Zoom privacy settlement
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Zoom agrees to $85M settlement in litigation over privacy and Zoombombings
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Zoom Video Communications has agreed to pay $85 million to settle nationwide litigation alleging misrepresentations and broken promises regarding customers’ security and privacy.
The litigation alleges that Zoom shared users’ information through third-party integration with social media companies such as Facebook. It also claims that Zoom violated security promises related to “Zoombombings” by hackers who disrupted meetings.
Zoom agreed to the preliminary deal in 14 consolidated class action complaints filed in federal and state courts, according to a memorandum of points and authorities filed Saturday in conjunction with the proposed settlement.
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(Reuters) - Pressure has been building quietly for a couple of years among the judges of Delaware Chancery Court about defendantsâ increasingly aggressive opposition to shareholder demands for the corporate books and records they are entitled to see under Section 220 of the Delaware Corporate Code.
On Thursday, Chancellor Kathaleen McCormick erupted.