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Mealeys

Mealey's Securities/D&O Liability - Investor Sues Software Provider, Others Over Data Breach Misrepresentations

SAN FRANCISCO - Zendesk Inc. and several of its senior executive officers concealed the company's exposure to a massive data breach that affected more than 10,000 customers in addition to failing to disclose its poor financial condition in several international markets in violation of federal securities laws, a shareholder argues in an Oct. 24 complaint filed in California federal court (Charles Reidinger v. Zendesk Inc., et al., No. 19-6968, N.D. Calif.).
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