Visa, MasterCard security breach lawsuit update: $$$ damages? [priv]

[Declan McCullagh <declan () well com>]

-------- 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 () techfirm org>
To:     'Declan McCullagh' <declan () well com>
CC:     <ira () 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 () techfirm com <BLOCKED::mailto:ira () techfirm com>
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