StockX Faces Class-Action Lawsuit After 2019 Data Breach

StockX is getting a lot of attention due to a class-action lawsuit stemming from the 2019 data breach, according to Complex.

As originally reported by TechCrunch, StockX knew of the data breach in May, but the reselling company did not give a detailed notice to its users until well-after. Also of note, the platform called this mishap a “system update” in which it issued an email recommending its users to update passwords and emails.

The lawsuit goes as follows:

As a result of StockX’s negligent, intentional, or unconscionable failure to adequately satisfy its contractual, statutory, and common-law obligations, Plaintiff’s PII was accessed, acquired, stolen, and re-sold by thieves for the express purpose of misusing Plaintiff’s data and causing further irreparable harm to Plaintiff’s personal, financial, reputational, and future well-being.

StockX co-founder and face of the company, Josh Luber, had this to say about the breach courtesy of the Complex Sneakers podcast recently:

“We didn’t have enough information to make a full disclosure, to say everything that was going on,” Luber said, “but we knew that we needed to update everyone’s passwords and lock everything down ASAP.”

Luber just recently made headlines, stating that he will be leaving the company and plans to start another start-up company.

StockX argues that the ability to file a class-action lawsuit is void when users agreed to StockX’s terms of service. The plaintiffs in the case are seeking monetary compensation.

StockX has until the end of September to respond to the matter.


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