Shell Dodges $1B Gas Station Receipt Suit In 7th Circ.

Law360, Los Angeles (April 18, 2012, 4:46 PM EDT) -- The Seventh Circuit threw out a $1 billion consumer class action against Shell Oil Co. on Wednesday, ruling that the petroleum giant didn't willfully violate the Fair and Accurate Credit Transactions Act by printing the wrong four credit card digits on gas station receipts.

A three-judge panel declined to define “card number” under FACTA, which prohibits vendors from printing more than the last five digits of a card number in order to prevent identity theft, saying Shell's decision to print four numbers from a position higher...
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