Zoom Named In Investor Suit Over Inadequate Data Privacy, Security Measures

Mealey's (April 9, 2020, 1:42 PM EDT) -- SAN FRANCISCO — Zoom Video Communications Inc. and two of its senior executives violated federal securities laws by concealing from investors that the cloud-based communications platform developer had implemented inadequate data privacy and security measures that were later disclosed in light of the spread of the novel coronavirus pandemic, an investor argues in a Feb. 8 securities class complaint filed in California federal court (Kim Brams v. Zoom Video Communications Inc., et al., No. 20-2396, N.D. Calif.)....