Plaid’s $58 Million Privacy Settlement Pushed by Plaintiffs (1)

Plaintiffs are pushing for final approval of a $58 million settlement with Plaid Inc. over its alleged data-scraping practices, arguing in a California federal court that the deal was negotiated at arm’s length and provides meaningful relief.

The settlement notice campaign has already reached nearly 60 million individuals, plaintiffs argued in a motion for final approval of the class action settlement filed Jan. 28 in the U.S. District Court for the Northern District of California.

Plaid doesn’t and never has sold data, and the claims raised in the lawsuit do not reflect the company’s practices, a spokesperson said in a ...