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Stock impact report

Consumers File Class Action Lawsuit Against Symantec for Defective AntiVirus Software

SYMANTEC (SYMC) 
Last symantec earnings: 8/8 04:19 pm Check Earnings Report
Company Research Source: PR Newswire
SAN FRANCISCO, Nov. 8, 2018 /PRNewswire/ -- Consumers have filed a class action lawsuit against Symantec Corporation (NASDAQ: SYMC), alleging that from 2005 to 2016, the security software company sold antivirus products containing serious defects that exposed entire computer operating systems to various security vulnerabilities and made them more susceptible to cyberattacks, according to Schubert Jonckheer & Kolbe, which represents the consumers.The lawsuit, filed on April 2, 2018 in the U.S. District Court for the Northern District of California, alleges that consumers who purchased Symantec's security products under the Norton brand, as well as businesses that purchased products under the Symantec brand, suffered from exposure to memory corruption, remote attacks, and other easily exploitable security vulnerabilities. Symantec only released patches for these defects in June 2016, with the help of Project Zero, a team of expert cybersecurity analysts who first discovered the critical Show less Read more
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