CBD Co. Settles Data Breach Class Action In Mediation

Law360 (March 5, 2021, 9:12 PM EST) — Hemp products company cbdMD Inc. and a proposed class of customers who say their debit and credit card information was compromised by two data breaches the company experienced in 2020 have told a federal judge that they reached a settlement in the case during mediation.

Plaintiffs Michael Warshawsky and Michael Steinhauser filed a four-page joint motion with the company Thursday indicating the parties are finalizing a settlement agreement and will file a motion for preliminary approval by the end of the month.

The filing did not include details about the settlement, and counsel for both parties did not immediately respond to…

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