8th Circ. Rejects Card Fraud Suit Against US Bank

Law360, New York (May 18, 2012, 6:43 PM EDT) -- The Eighth Circuit on Friday backed the toss of a paintball equipment merchant's putative class action claiming U.S. Bank NA allowed credit card fraud and intentionally interfered with a banking contract, agreeing that the merchant didn't meet pleading standards.

The case stems from fraudulent online orders with E-Shops Corp. in 2009 that were made with U.S. Bank credit cards. Cardholders disputed the charges, prompting U.S. Bank to initiate chargebacks to the merchant's bank, HSBC, which in turn sent back the money from E-Shops' account, according to...
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