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...
- DOJ To Court: Hey, We're Shutting Down Section 215, So We Can Probably Stop Arguing About The Legality Of Bulk Collection
- Patent Trolls Strike Back: Trolling Rebounds After Brief Supreme Court-Enabled Dip
- Photographer Sues Big Red, Its Employees And That One Guy Who Retweeted Something For Copyright Infringement
- Sun-Owning Lady Sues eBay Because They Wouldn't Let Her Sell 'Plots' Of 'Land' On 'Her' Sun
- Cox Claims Rightscorp's 'Extortionate' Lawsuit Really A Backdoor Way To Get Subscribers' Info