Judge: Customers in Ameritrade Class Action Deserve Better Deal
A federal judge has refused to approve a class-action settlement over contact information stolen from online brokerage TD Ameritrade. U.S. District Judge Vaughn Walker in San Francisco says the deal offers little significant benefit to the more than 6 million current and former customers affected. The proposed deal offered antispam software and a promise of tighter security at TD Ameritrade. Walker rejected the deal Friday, saying it appeared to do more for Ameritrade and for the plaintiffs’ lawyers than for the victims of the data breach.
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Judge: Customers in Ameritrade Class Action Deserve Better Deal
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