The years-long legal battle between Zenimax and Oculus drew to a close yesterday, as the court ruled in Zenimax’s favor after two days of deliberations. As a result, Zenimax is owed a total of $500 million for a variety of charges against Oculus, CTO John Carmack, and co-founders Palmer Luckey and Brendan Iribe. Now that the dust has had a chance to settle, a pair of legal experts sat down to …
A Yahoo shareholder launched a class action lawsuit this week accusing the ailing tech giant of lying about and “recklessly” failing to disclose cybersecurity problems and massive data breaches, thereby violating federal securities laws and costing shareholders “significant losses and damages.” Yahoo suffered two massive breaches in 2016 hitting 1.5 billion user accounts across both incidents. …
Yahoo! Inc. allowed hackers to access personal and confidential information of its users and failed to warn consumers of a cybersecurity breach, a proposed class-action lawsuit claims. The suit followed within hours of Yahoo’s disclosure Wednesday that a second major security breach may have affected more than 1 billion user accounts.
Companies facing data breaches grapple with lack of clear harm standard for consumer class actions Breach harm standing has potential to reach U.S. Supreme Court in 2017 Dec. 5 — Hacking attacks, lax data security and rampant cybercrime create risks for corporations, including consumer lawsuits stemming from large-scale data breaches. Plaintiffs have lined up at courthouse doors for years, …
The Casino Rama Resort in Ontario, Canada announced Thursday that the facility had suffered a data breach that could have compromised information going back as far as 2004. One day later a class action lawyer began preparations for a $50 million lawsuit against the property. Toronto Lawyer Ted Charney proposed the suit on Friday and according to several media reports the “statement of claim” …
In September, Yahoo announced that at least 500 million user account credentials had been stolen from it in late 2014. Yahoo offered more details on the security breach’s effect on its business in an SEC filing on Wednesday. Although the company says it only spent $1 million related to the breach last quarter, it admitted that the breach may “cause users and customers to curtail or stop using our products and services.” CEO Marissa Mayer said last month that she was …
Oregon credit union sues Noodles & Company over breach The credit union argued that Noodles & Company failed to implement or maintain adequate data security measures. Oregon credit union SELCO Community Credit Union accused Noodles & Company of failing to implement or maintain adequate data security measures for customer information despite highly publicized breaches at large national retailers …
Several banks and other financial institutions are alleging the Broomfield-based Noodles & Company failed to take steps to prevent a massive data breach earlier this year. A class-action federal lawsuit was filed Tuesday against the fast-casual chain relating to the breach. Noodles officials warned customers in May that their credit card processor reported unusual activity …
Reports of data breaches have become commonplace, prompting U.S. courts to raise the bar on associated class action lawsuits. The U.S. District Court for the District of Columbia in early August declined to grant standing to a class action filed in the wake of a data breach at CareFirst BlueCross BlueShield. Hackers compromised health insurer CareFirst’s IT …
Kroger Co. has been listed as a defendant in a recent class action lawsuit filed on behalf of customers who became ill with listeria following the ingestion of vegetables grown by Pictsweet Co. and processed by CRF Frozen Foods. Listeria monocytogenes grown on Listeria Selective Agar | James.folsom According to the complaint, with the bacteria present in the …