Matthew Kuhns v. Scottrade, Inc.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
LOKEN, Circuit Judge.
In 2013, hackers, accessed the internal database of Scottrade, a securities brokerage firm based in St. Louis, Missouri. The hackers acquired personal identifying in formation (“PH”) of over 4.6 million Scot-trade customers, including plaintiff Matthew Kuhns, and exploited the information to operate a stock price manipulation scheme, illegal gambling websites, and a Bitcoin exchange. Kuhns and three others affected by the data breach brought putative class actions against Scottrade. After the actions were consolidated in the United States District Court for the Eastern…
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