Cybersecurity & Privacy

  • November 19, 2012

    Banks In Nat'l Settlement Write Down $6.3B In Mortgages

    The five banks that agreed to February's national mortgage settlement have so far provided more than $26.11 billion in relief to troubled borrowers, including just over $6.3 billion in principal reductions, the settlement's monitor said in a Monday report.

  • November 19, 2012

    Employer's LinkedIn Hijacking Killed My Credibility: Ex-Prez

    The former president of a banking education company told a Pennsylvania federal judge Monday that her former co-workers claimed ownership of her LinkedIn profile after she was fired in 2011 in order to take advantage of her contacts and reputation in the field.

  • November 19, 2012

    House Dems, Ex-FCC Heads Blast Verizon's Net Neutrality Suit

    Three Democratic House lawmakers and a group of former government officials last week shot back at Verizon Inc.'s argument to the D.C. Circuit that the Federal Communications Commission's net neutrality rules violate the First Amendment, claiming that this contention would block a broad range of necessary regulations.

  • November 19, 2012

    Amazon Settles Putative Class Action Over User Browsing Info

    A Washington state federal judge on Thursday tossed a proposed class action alleging Amazon.com Inc. used Internet cookies to gather users’ personal information without their permission to boost ad sales and company profits, saying the parties have reached a settlement.

  • November 19, 2012

    First Bank Of Delaware To Pay $16M To End DOJ Fraud Claims

    The U.S. Department of Justice reached a $15.5 million settlement with the First Bank of Delaware to resolve claims that the bank defrauded consumers by allowing countless debit transactions worth more than $100 million to go through without proper authorization, the agency announced Monday.

  • November 19, 2012

    CFPB Wins Law Firm Injunction In Loan Modification Suit

    A California federal judge on Friday granted the U.S. Consumer Financial Protection Bureau a preliminary injunction against Gordon Law Firm PC and two loan processing companies in a suit over an alleged loan modification scam, barring them from misrepresenting services or destroying records of their business practices.

  • November 19, 2012

    Capital One 'Puppet' Class Merited By New Evidence, Judge Told

    A disgruntled InCharge Debt Solutions customer asked a Virginia federal judge on Friday to reconsider class claims in her suit alleging Capital One Bank NA used the credit counselor as a “puppet” to overcharge customers, arguing that new evidence reveals InCharge's customer agreement does not contain an arbitration clause.

  • November 19, 2012

    Dish Says Travelers Must Defend It In Gov't 'Robo Call' Suit

    Dish Network LLC on Friday asked an Illinois judge to declare that Travelers Property Casualty Co. of America must defend it from a government suit saying it illegally solicited consumers on the national Do Not Call Registry.

  • November 19, 2012

    NRG Unit Says Contract Terms Quash Rate Hike Case

    An NRG Energy Inc. unit asked a Pennsylvania state judge Wednesday to toss a class action alleging it used deceptive advertising to con prospective customers into switching their electricity provider before jacking up prices, saying that its contract indicates that rates are variable.

  • November 19, 2012

    New Trial In Playtex Diaper Pail False Ad Row Affirmed

    A California federal judge on Friday refused to back down from his decision last month to grant a new trial to Playtex Products Inc. after rival Munchkin Inc. secured a $13.5 million jury verdict for Playtex's alleged false marketing of diaper disposal products.

  • November 19, 2012

    Alston & Bird Adds Fulbright Class Action Atty In LA

    Alston & Bird LLP has lured a former Fulbright & Jaworski LLP class action litigator who defends clients in employment, false advertising and privacy suits to its Los Angeles office, the firm said Friday.

  • November 16, 2012

    $23M Google-FTC Deal In Privacy Case Wins Judge's Nod

    A California federal judge on Friday approved Google Inc.'s contested $23 million settlement with the Federal Trade Commission over alleged consumer privacy violations, calling the deal fair, adequate and reasonable.

  • November 16, 2012

    Investors Sue Heart-Device Co. Over DOJ Mislabeling Fallout

    A pair of Abiomed Inc. investors sued the cardiac-device maker in Massachusetts federal court Friday, claiming the company lied about a U.S. Food and Drug Administration investigation into ad campaigns for one of its products, which artificially inflated stock values before they plummeted as word of the probe got out.

  • November 16, 2012

    NY AG Warns Wells Fargo On Mortgage Relief Suspension

    New York State Attorney General Eric Schneiderman on Friday warned Wells Fargo Bank NA to halt a policy temporarily suspending mortgage relief applications in the wake of Hurricane Sandy, calling the policy “unconscionable” and a likely violation of February’s historic $25 billion national mortgage settlement.

  • November 16, 2012

    Senate Sends FTC Fraud Enforcement Bill To Obama

    The U.S. Senate on Wednesday passed a bipartisan House of Representatives bill to reauthorize online fraud enforcement provisions that allow the Federal Trade Commission to share information with foreign counterparts in order to combat cross-border fraud, spyware and spam attacks.

  • November 16, 2012

    AmeriGas Ends Trademark Suit Against Consumer Gripe Site

    AmeriGas Propane LP reached a settlement with the operator of consumer complaint website "Pissed Consumer" in Pennsylvania federal court Thursday, ending a suit that alleged the site used AmeriGas' trademark to confuse consumers into clicking ads for the company's rivals.

  • November 16, 2012

    CFPB Sets Single Effective Date For Mortgage Disclosures

    The Consumer Financial Protection Bureau on Friday freed mortgage lenders from implementing new disclosures related to escrow accounts, foreclosure liabilities and partial payments until the agency finalizes other rules aimed at streamlining mortgage disclosures, a move designed to ease worries about confusion in the marketplace.

  • November 16, 2012

    Judge Strikes Class Claims From Capital One 'Puppet' Suit

    A Virginia federal judge on Thursday dismissed class allegations that Capital One Bank NA and nonprofit credit counselor InCharge Debt Solutions illegally worked together to overcharge customers, ruling that either unique personal circumstances or an arbitration agreement the named plaintiff may have signed prevents her from representing a class.

  • November 16, 2012

    Grassley Presses FBI, DOJ On Petraeus Email Probe

    Sen. Chuck Grassley, R-Iowa, on Thursday pushed the FBI and U.S. Department of Justice to detail the methods they used to obtain private electronic communications during a cyberstalking investigation that uncovered an extramarital affair between resigned CIA Director David Petraeus and his biographer.

  • November 16, 2012

    Unilever Dodges 'Light' Margarine False Ad Class Action

    A California judge on Thursday tossed a proposed class action accusing Unilever United States Inc. of falsely marketing butter substitute products as “light,” saying the label can be applied fairly as compared to butter and not just to regular versions of the substitute products.