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Qudian Dodges Data Breach Class Action Revival in New York | #Databreach | Pentest | #cybersecurity | #informationsecurity


Qudian Inc. doesn’t have to face a security fraud class action tied to a data breach after a federal court rejected a motion to reconsider previously dismissed claims.

Plaintiffs attempted to re-litigate a previously rejected argument against the Chinese online lender with their motion, the U.S. District Court for the Southern District of New York said in rejecting it July 10.

The ruling shows how companies hit with securities fraud class actions following breaches can beat claims through early motions over standing, jurisdiction, or showing that allegations are unfounded.

The plaintiffs’ attorneys did not immediately respond to a request for…

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Posted in Breaking News, Data Breaches, News Wire





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