Citi Can't Reargue Liability Cap In Grocer Card Breach

Law360, New York (August 3, 2015, 2:43 PM EDT) -- A Missouri federal judge denied a bid for reconsideration by First Data Merchant Data Services Corp. and Citicorp Payment Services Inc. in a payment card data breach suit on Friday, leaving in place a ruling capping liability for Schnuck Markets Inc. at $500,000.

U.S District Judge John A. Ross said the financial companies missed their chance to properly argue that limitation on Schnuck's liability in its merchant payment processing agreement did not apply to reimbursements for card issuers. The companies can't use a reconsideration motion to...
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