LinkedIn Dodges $5M Privacy Suit Over Password Hacking

Law360, New York (March 6, 2013, 3:23 PM EST) -- LinkedIn Corp. on Tuesday escaped a $5 million putative class action over a security breach as a California federal judge ruled the plaintiffs had not shown they suffered an “economic harm” as a result of the hacking of 6.5 million passwords.

U.S. District Judge Edward J. Davila didn't buy the plaintiffs' “benefit of the bargain” theory that they had standing to sue because LinkedIn promised in its privacy policy to provide them with a particular level of password security in return for their purchase of paid...
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