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The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.When pressed on details, Ballou declined to comment further.But why Friend Finder Networks has held onto millions of accounts belonging to customers is a mystery, given that the site was sold to Penthouse Global Media in February."We are aware of the data hack and we are waiting on Friend Finder to give us a detailed account of the scope of the breach and their remedial actions in regard to our data," said Kelly Holland, the site's chief executive, in an email on Saturday. Plaintiff alleges that in October 2016 "a hacker or group of hackers breached Defendant's system and downloaded two decades worth of personal information of 339 million AFF users." Compl. Based on this breach, and Defendant's alleged failure to prevent and timely cure it, Plaintiff brings this putative class action, alleging the following causes of action: (1) negligence; (2) breach of implied contract; (3) invasion of privacy; (4) violation of California's Customer Records Act, Cal. Code §§ 1798.80, et seq.; (5) violation of California's Online Privacy Act, Cal Bus. Code §§ 22575, et seq.; and (6) violation of California's Unfair Competition Law ("UCL"), Cal. The Federal Arbitration Act ("FAA") applies to arbitration agreements affecting interstate commerce. When reached, Friend Finder Networks confirmed the site vulnerability, but would not outright confirm the breach."Over the past several weeks, Friend Finder has received a number of reports regarding potential security vulnerabilities from a variety of sources.Immediately upon learning this information, we took several steps to review the situation and bring in the right external partners to support our investigation," said Diana Ballou, vice president and senior counsel, in an email on Friday."While a number of these claims proved to be false extortion attempts, we did identify and fix a vulnerability that was related to the ability to access source code through an injection vulnerability," she said."Friend Finder takes the security of its customer information seriously and will provide further updates as our investigation continues," she added.Holland confirmed that the site "does not collect data regarding our members' sexual preferences."Leaked Source said breaking with usual tradition because of the kind of breach, it will not make the data searchable.Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.On November 13, 2016, it was reported that a database of over 412 million accounts, including usernames, e-mails, and passwords, had been breached and leaked from several Friend Finder Networks websites.