Circuit Court Dismisses Old National BanCorp Charges

Law360, New York (August 24, 2007, 12:00 AM EDT) -- An appeals court on Thursday dismissed a proposed class action brought against Old Nation BanCorp alleging the company was negligent and breached a contract by failing to prevent a sophisticated hacker from accessing customers' confidential information from the bank's Web site.

A three-judge panel of the U.S. Court of Appeals for the Seventh Circuit upheld a district court's denial of class certification and granting of judgment for ONB under Rule 12(c) of the Federal Rules of Civil Procedure.

The circuit court, like the U.S. District Court...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.