secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001280058-24-000042
Event type: litigation
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Court denies class certification in Blackbaud 2020 cyber incident MDL
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000042/0001280058-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000042/blkb-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001280058-24-000042

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