LinkedIn, the world’s biggest business-focused social network has seen a lawsuit related to the June 2012 hacking of its web site resolutely overturned in a San Jose federal court.
“Because plaintiffs take issue with the way in which LinkedIn performed the security services, they must allege something more than pure economic harm. This could be a harm that occurred as a result of the deficient security services and security breach, such as, for example, theft of their personally identifiable information.”
LinkedIn is the world’s most popular business-focused social networking site and has seen spectacular growth since its founding in 2002. The company has beaten earnings forecasts for seven consecutive quarters and its stock price sit at an all-time high.