Breaking News: Texas Attorney General Ken Paxton Takes on GM in Landmark Data Privacy Lawsuit
In a bold move, Texas Attorney General Ken Paxton has filed a lawsuit against General Motors, alleging years of customer data abuse. New car owners were misled into surrendering their private data under the guise of safety, only for GM to profit off it. This deceptive practice has put GM in violation of Texas consumer protection laws.
Paxton is seeking a jury trial and hefty fines for every GM car sold in Texas since 2015. With potential damages reaching $10,000 per offense and an additional $250,000 for victims over 65, GM could be facing a substantial financial hit.
This lawsuit comes on the heels of Texas' recent $1.4 billion settlement with Meta over privacy concerns. Could this be the solution to the Lone Star State's budgetary issues?
In conclusion, this lawsuit could have far-reaching implications for GM's financial future and consumer trust. Investors should keep a close eye on this case as it unfolds, as it may impact GM's stock performance. Additionally, consumers should be aware of how their data is being used by companies and take steps to protect their privacy.