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Drieu v. Zoom Video Communications, Inc. et al
Case Number:
3:20-cv-02353
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Class Action
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June 13, 2024
Zoom's $150M Investor Deal Nears OK, But $50K Award Iffy
A California federal judge indicated Thursday that he'll preliminarily approve Zoom's $150 million deal to end claims it misled investors by stating that it offered end-to-end encryption on its videoconferencing software, but told the plaintiffs' lawyers, "You're going to have to persuade me" to award the lead plaintiff $50,000.
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October 17, 2023
Zoom To Pay Investors $150M In Suit Over Encryption Claims
Zoom has agreed to pay $150 million to put to rest investors' allegations that the videoconferencing provider misled them by stating that it offered end-to-end encryption, according to proposed terms of a deal filed in California federal court Tuesday.
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February 16, 2022
Zoom Investors Narrowly Beat Dismissal Of Securities Suit
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.
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April 13, 2021
Pomerantz Loses Bid To Replace Robbins Geller In Zoom Suit
A California federal judge on Monday declined to reconsider its appointment of Robbins Geller Rudman & Dowd LLP as lead counsel in a consolidated securities litigation against Zoom, ruling that Pomerantz LLP hasn't presented any new law or material facts to justify revisiting the court's decision.
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November 19, 2020
Pomerantz Fights Robbins Geller's Lead Atty Win In Zoom Suit
Pomerantz LLP says that due to a damages cap miscalculation, a California federal judge has erroneously appointed Robbins Geller to lead consolidated securities litigation against the videoconferencing provider Zoom.
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November 05, 2020
Robbins Geller Nabs Lead In Zoom Shareholder Litigation
A California federal judge appointed a Robbins Geller client as lead plaintiff in consolidated securities litigation against Zoom, after ruling Wednesday that the timing of a competing plaintiff's stock sales drastically capped their potential recoverable damages.
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June 10, 2020
4 Firms Vie For Lead Counsel In Zoom Shareholder Litigation
Pomerantz LLP, The Rosen Law Firm PA, Robbins Geller Rudman & Dowd LLP and Faruqi & Faruqi LLP are competing to lead consolidated litigation brought by investors alleging video conferencing provider Zoom misled shareholders about the degree of its data privacy and security measures, according to motions filed in California federal court.
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April 08, 2020
Shareholders Sue Zoom Over Privacy, Hacking Concerns
Video conferencing provider Zoom was hit with a proposed class action accusing it of misleading shareholders about the degree of its data privacy and security measures and failing to disclose that its service was not end-to-end encrypted.