AT&T Sheds More Claims In Crypto Investor's $24M Hack Suit

By Dean Seal (September 8, 2020, 11:27 PM EDT) -- A California federal judge on Tuesday trimmed claims from a cryptocurrency investor's suit accusing AT&T of failing to protect his personal data before a hack that purportedly cost him $24 million, saying the suit didn't allege the telecom giant had acted with malice.

U.S. District Judge Otis D. Wright II granted AT&T's request to cut claims of deceit by concealment, misrepresentation and punitive damages of $200 million from the second amended complaint filed in March by investor Michael Terpin, who claims AT&T allowed hackers to gain access to his cellphone by swapping, or reassigning, his SIM card to them.

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