Lawsuit Targets TD Ameritrade Over Data Security Breach
David S. Almeida, Founder & Managing Partner of Almeida Law Group LLC, was recently appointed—along with Brandon Wise of Peiffer Wolf Carr Kane Conway & Wise, LLP and William B. Federman of Federman & Sherwood—by Magistrate Judge Michael D. Nelson to serve as Interim Co-Lead Class Counsel in the consolidated class action lawsuit against TD Ameritrade, Inc.
Allegations of Delayed Data Breach Notification
The class action lawsuit arises out of a data security incident affecting approximately 61,000 Charles Schwab customers. The lawsuit alleges that TD Ameritrade and Charles Schwab waited nine weeks before notifying customers about the data breach.
Claims of Negligence and Lax Data Security Practices
Plaintiffs allege that defendants’ lax data security practices directly lead to the data breach and the exfiltration of Plaintiffs’ and the putative class members’ personally identifiable information.
Case Details and Jurisdiction
The case, captioned Schultz v. TD Ameritrade, Inc. and assigned case number 8:23-cv-375-JFB-MDN, is currently pending in the United States District Court for the District of Nebraska.