HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Zoom Video Communications (ZM) Investors Who Have Suffered Significant Losses to Immediately Contact its Attorneys: Firm Investigating Possible Securities Law Violations

SAN FRANCISCO, April 2, 2020 /PRNewswire/ -- Hagens Berman urges investors in Zoom Video Communications, Inc. (NASDAQ: ZM) who have suffered significant losses to submit their losses now. The firm is investigating possible securities law violations.

Zoom Video Communications (ZM) Investigation:

The investigation focuses on whether Zoom misled investors about the company's security and consumer privacy practices.

On Mar. 30, 2020, the New York Times reported that New York's attorney general sent a letter to Zoom, questioning the company's security measures, including actions taken to remedy a reported flaw allowing hackers to take over Zoom webcams. According to the NYT, the New York attorney general also challenged the company's sharing of consumer data with Facebook and other entities.

Then, on Apr. 2, 2020, Bloomberg reported "[on]line trolls have been sneaking into web meetings and disrupting them with profanities and pornography for at least the better part of the last month."

This news has driven the price of Zoom shares sharply lower.

"We're focused on investors' losses and whether Zoom misled investors about the company's security and privacy controls and procedures," said Reed Kathrein, the Hagens Berman partner leading the investigation.

Whistleblowers: Persons with non-public information regarding Zoom should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE Hagens Berman Sobol Shapiro LLP

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