Robbins Geller Nabs Lead In Zoom Shareholder Litigation

By Dean Seal (November 5, 2020, 5:00 PM EST) -- A California federal judge appointed a Robbins Geller client as lead plaintiff in consolidated securities litigation against Zoom, after ruling Wednesday that the timing of a competing plaintiff's stock sales drastically capped their potential recoverable damages.

U.S. District Judge James Donato gave the lead position to Adam Butt — who claims to have suffered $209,517 in losses as a result of the videoconferencing provider's alleged misstatements about its data privacy and security measures — and appointed Butt's choice of Robbins Geller Rudman & Dowd LLP as lead counsel in the putative class action.

While a set of four Zoom investors, represented...

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