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.
The use of Zoom has skyrocketed in recent months as millions around the globe are being required to work and attend school from home due to the coronavirus pandemic, and earlier this year the company’s stock was on the rise. However, the lawsuit states that recent media reports regarding the app’s shortcomings with regard to security and privacy have caused the value of its shares to fall significantly in recent weeks.
Additional Reading
Zoom sued for overstating, not disclosing privacy, security flaws, Reuters, April 8, 2020
Complaint, Drieu v. Zoom Communications Inc., et al., filed April 7, 2020, via Justia Dockets
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