Posted on October 29th, 2009 No comments
A second federal judge has, this week, pushed back against a settlement involving a major data breach, potentially signaling more dire times for retailers whose data gets snatched courtesy of inadequate security. Last month, it was a federal judge in Maine who started questioning whether Hannaford should get a walk just because zero-liability programs spared its consumers any out-of-pocket losses.The new ruling comes from a federal judge in San Francisco, who rejected the class-action settlement proposal for TD Ameritrade on the grounds that it didn’t help the consumer victims sufficiently.In both cases, the judges reversed positions they’d previously taken.
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Are Judges Cracking Down On Data Breach Corporate Victims?
Posted on October 8th, 2009 No comments
Master Complaint Details Events Before, During and After the Landmark BreachPrior to the Heartland Payment Systems (HPY) data breach, company executives misrepresented their “state of the art” security measures, says a new document filed in the class action suit against the payments processor. This document lays out for the first time a sequence of events and statements made by Heartland executives about security measures and actions before, during and after the breach. Following is a timeline of events highlighted in the master complaint against Heartland.
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Heartland Breach: Inside Look at the Plaintiffs’ Case
Posted on May 20th, 2009 No comments
Judicial Panel to Consider Consolidating Filings on Behalf of Institutions, Consumers, InvestorsA federal judicial panel will hear arguments next week on whether to consolidate the class action lawsuits brought against Heartland Payment Systems (HPY) by financial institutions.
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Heartland Data Breach: Hearing Set for Class Action Suits