[Mb-civic] Follows: "Plans for fraud liability to shift from bank (issuer) to credit card holder."

[George R. Milman]

-------- Original Message --------

Subject:    Cardsystems Case Update - First Amended Complaint Filed Today

- Politech

Date:       Wed, 6 Jul 2005 12:33:39 -0700

From:       Ira P. Rothken <ira at techfirm.org>

To:   'Declan McCullagh' <declan at well.com>

CC:   <ira at techfirm.com>

 

 

Declan,

 

Today plaintiffs' filed a First Amended Complaint ("FAC") in the case
against Cardsystems, Visa, MasterCard, Merrick Bank, and others. The FAC
alleges that defendants were negligent in the security of consumer credit
card data which led to the data being hacked and compromised.

 

It is alleged in the First Amended Complaint that, on information and
belief, defendants knew or should have known that Cardsystems failed
multiple security audits, did not comply with credit card data security
standards during the past year, and defendants continued to allow them to
process consumer credit card transactions. The plaintiffs are now seeking
money damages. The First Amended Complaint can be found here:

www.techfirm.com/cardsystems.pdf

<BLOCKED::http://www.techfirm.com/cardsystems.pdf>

 

Ira P. Rothken

Rothken Law Firm

415-924-4250

ira at techfirm.com <BLOCKED::mailto:ira at techfirm.com>

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