Visa Wrongly Billed Retailer $13M After Data Theft, Suit Says

Law360, New York (March 8, 2013, 4:58 PM EST) -- Apparel retailer Genesco Inc. sued Visa Inc. on Thursday in Tennessee federal court to recoup $13.3 million in damages assessed following the theft of customer account information, saying it never violated contract terms on data security and shouldn’t have to cover alleged losses.

Genesco, which sells shoes and hats under such company names as Journeys and Lids, claims it was the victim of a “sophisticated cybercrime attack” in 2010 and that Visa subsequently demanded reimbursement for illegal purchases despite evidence that the plaintiff followed security standards....
To view the full article, register now.




Case Information

Case Title

Genesco Inc. v. Visa, Inc. et al

Case Number



Tennessee Middle

Nature of Suit

Contract: Other


Waverly D. Crenshaw, Jr

Date Filed

March 7, 2013

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.