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Plaid Tosses Out Class-Action Complaint; Allegations Still Remain


Wednesday, May 5, 2021
For those who have not been following the Plaid class action unfold, we previously covered it HERE and HERE. Soon after the class actions were consolidated last year, Plaid filed a motion to dismiss Plaintiffs’ Consolidated Class Action Complaint in September, 2020. Oral arguments were held in February of this year, and the Court just issued its 38-page ruling, partially granting Plaid’s motion to dismiss, with prejudice.
As you may recall, this action consists of five separately-filed putative class action complaints in which 11 named plaintiffs allege that Plaid used consumers’ banking login credentials to harvest and sell detailed financial data  ....

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