litigation
confidence high
sentiment positive
materiality 0.60
Court denies class certification in Blackbaud 2020 cyber incident MDL
BLACKBAUD INC
- Court denied plaintiffs' motion for class certification due to failure to prove ascertainability.
- Court granted Blackbaud's motion to exclude plaintiffs' expert on ascertainability.
- Plaintiffs' motion to exclude Blackbaud's expert on ascertainability was denied.
- Litigation continues; plaintiffs may appeal to Fourth Circuit.
- 2020 security incident involved cybercriminal removing a copy of subset of data.