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Stock impact report

GM, OnStar Must Face Georgia Wiretapping Lawsuit Over Alleged Driver Data Sales to LexisNexis, Verisk [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
claims filed on behalf of 16 million drivers whose OnStar data was allegedly sold without their knowledge. U.S. District Judge Thomas Thrash issued a 200-plus page order that maintained the core federal wiretapping allegations while dismissing 29 of the 65 counts in the complaint. The ruling keeps alive claims that GM used onboard driver assistance devices as nodes in a massive data mining operation, then sold the information to insurance data firms that passed it along to carriers who raised premiums based on the reports. Judge Thrash rejected the defendants' argument that the 627-page complaint was too vague to proceed, writing that the plaintiffs met all required elements for a federal wiretapping claim under the Federal Wiretap Act. The data transmitted constituted protected electronic communications, and questions about consent and GM's role in the information chain couldn't be resolved without discovery, according to Law360.com. “Additional facts interspersed throughout th Show less Read more
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