Plaid Wins Partial Toss Of Privacy Suit Over Banking Data

By Sarah Jarvis (May 3, 2021, 5:45 PM EDT) -- A California federal magistrate judge has partially granted the dismissal of a putative class action accusing Plaid Inc. of accessing and selling the personal banking data of users of apps like Venmo and Stripe without their consent, leaving invasion of privacy and anti-phishing claims intact.

U.S. Magistrate Judge Donna M. Ryu said in Friday's order that claims brought by a consolidated group of consumers for invasion of privacy, unjust enrichment and violation of California laws including the California Anti-Phishing Act of 2005 are sufficient enough to stand at this point in the case.

But she opted to permanently dismiss claims under...

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