Zoom Video Communications Inc. was slapped with a class-action suit by one of its shareholders on Tuesday, Business Insurance reported. The lawsuit accuses the videoconferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Shareholder Michael Drieu claimed in a court filing that a string of recent media reports highlighting the privacy flaws in Zoom’s application has led to the company’s stock, which had rallied for several days in the beginning of the year, to plummet. Zoom’s shares have lost nearly a third of their market value since touching record highs in late March. The company has been trying to plug security issues while it signs up millions of new users as people are forced to work from home after lockdowns were enforced to slow the spread of the coronavirus.