On Monday, June 22, 2020, the United States Supreme Court issued a ruling in Liu v. Securities and Exchange Commission, 591 U.S. ___ (2020). In an 8-1 decision, the Supreme Court held that, in civil enforcement cases brought by the Securities and Exchange Commission, "[a] disgorgement award that does not exceed a wrongdoer's net profits and is awarded for victims is equitable relief permissible under [15 U.S.C.] §78u(d)(5)."
A Zoom shareholder has filed a class action lawsuit against the online videoconferencing company in the US District Court for the Northern District of California. The lawsuit claims that Zoom failed to disclose its lack of end-to-end encryption, and overstated its privacy protections.