by Mike Masnick
Mon, Dec 14th 2009 7:15pm
Last year, Heartland Payment Systems, leapt into the lead as being the company with the largest data breach of all time (well, that we know of), when it potentially leaked the personal info on somewhere over 100 million people. As typically happens in these sorts of things, a shareholder lawsuit was quickly filed from bummed out shareholders pissed off that the stock dropped (like off a cliff) following the announcement. But, of course, for there to be liability it takes a lot more than just the stock to drop, so it comes as little surprise that the lawsuit has been tossed, as the court said there was no evidence that Heartland execs knew their data was exposed. Friendly reminder to litigious shareholders: just because the company screws something up, it doesn't mean you get to sue.
If you liked this post, you may also be interested in...
- Why Not? AT&T Adds Its Name To The Pile Of Lawsuits Against The FCC's Net Neutrality Rules
- Wireless, Cable Industries Show Their Love Of An 'Open Internet' By Suing To Overturn Net Neutrality Rules
- First Legal Challenges To FCC's Net Neutrality Rules Filed
- FCC Net Neutrality Rules Finally Released, Cue The ISP Lawsuits And Hyperbole
- 2 Hockey Players And Elisha Cuthbert Want Cash From A TV Station For Airing A Joke Tweet