Zoom accused in shareholder lawsuit of failing to disclose privacy and security flaws [Toronto Globe and Mail (Ontario, Canada)]
Zoom Communications, Inc. - Class A (ZM)
Last zoom communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Toronto Globe and Mail
Zoom accused in shareholder lawsuit of failing to disclose privacy and security flaws The Zoom Video Communications logo is shown in New York ahead of the company's Nasdaq IPO on April 18, 2019. Mark Lennihan/The Associated Press The Zoom Video Communications logo is shown in New York ahead of the company's Nasdaq IPO on April 18, 2019. Zoom Video Communications Inc was slapped with a class-action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Shareholder Michael Drieu claimed in a court filing that a string of recent media reports highlighting the privacy flaws in Zoom’s application have led to the company’s stock, which had rallied for several days in the beginning of the year, to plummet. The company’s shares closed down about 7.5 per cent at $113.75 on Tuesday. They have lost nearly a third of their market value since touching record highs
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- 4/17/26 - Form 144
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- 4/16/26 - Form 144
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