U.S. District Judge Edward Chen Lawyers Vying for 23andMe Data Breach Leadership Fear Bankruptcy Imminent
U.S. District Judge Edward Chen heard arguments on Monday from more than a dozen lawyers vying for leadership of the 23andMe data breach litigation.
June 03, 2024 at 05:59 PM
5 minute read
What You Need to Know
- Monday's hearing, in San Francisco, comes after 23andMe's annual report disclosed $216 million in cash.
- Lawyers said 23andMe consumers were likely to get a 'steep discount' in monetary relief, with injunctive relief possible, such as dark web monitoring.
- 23andMe attorney Ian Ballon said his client was looking for a global settlement that would encompass the multidistrict litigation, plus state court cases and thousands of arbitration demands.
A federal judge in California heard arguments from more than a dozen plaintiffs' lawyers on whether the data breach lawsuits against 23andMe Inc. should head straight to settlement given its precarious financial condition.
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