Blackstone Inc. defeated a proposed class action alleging that its $4.7 billion acquisition of Ancestry.com resulted in the disclosure of protected genetic information of Ancestry users, in violation of the Illinois Genetic Information Privacy Act.
The US Court of Appeals for the Seventh Circuit said Monday that plaintiffs Carolyn Bridges and Raymond Cunningham failed to support the allegation that Blackstone’s all-stock acquisition of Ancestry compelled the genealogy company to disclose genetic information within the meaning of the Illinois genetic privacy law.
The court affirmed a lower court’s dismissal of the lawsuit for failure to state a claim.
Bridges and Cunningham ...
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