TD Ameritrade Six Million Customer Data Loss Class Action Lawsuit Close To Over
- By Grey McKenzie
- Published Tuesday 24th 2008
Grey McKenzie
National Cyber Security Founder
Cyber security watchdog Grey McKenzie is one of the nation's leading Internet security experts.
Some of his clients include members of the Department of Homeland Security, State Department, Department of Defense & the Federal Bureau of Investigation.
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Companies had better take note... the protection of customer data... in this case email addresses, had better be held under lock & key.
TD Ameritrade at this point in their class action lawsuit has agreed to pay nearly $1.9 million in legal fees and cover the cost of one year of anti-spam service for the victims.
This from NewsFactor Online
"I think this is an extremely good settlement for the class," said lawyer Scott A. Kamber, who filed one of the two lawsuits that were combined into the class action.
"This is a model of a consumer settlement which has benefits for the class as well as the company."
TD Ameritrade at this point in their class action lawsuit has agreed to pay nearly $1.9 million in legal fees and cover the cost of one year of anti-spam service for the victims.
This from NewsFactor Online
"I think this is an extremely good settlement for the class," said lawyer Scott A. Kamber, who filed one of the two lawsuits that were combined into the class action.
"This is a model of a consumer settlement which has benefits for the class as well as the company."
The lawyers for the other plaintiffs did not immediately respond to a message left Wednesday.
Anyone who held an Ameritrade account or provided an e-mail
address to the company before Sept. 14 could benefit from the lawsuit.
The database that was hacked included information on 6.2 million people.
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