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Customers Sue Darden Restaurants Over Information on Receipts
  • Reed Smith LLP
  • USA
  • June 22 2017

A class action lawsuit was recently filed against Darden Restaurants, Inc. ("Darden"), alleging that Darden violated the Fair and Accurate Credit


New Jersey Giveth And Taketh Away: Recent Steps to Reduce And To Increase Regulatory Burden On Home Mortgage Lenders
  • Reed Smith LLP
  • USA
  • June 14 2017

Recently, the State of New Jersey has taken a small step in the direction of less regulation over home mortgage lenders and, virtually at the same


J. Crew Credit Card Digit Class Action Dismissed Again Because of Overly Speculative Identity Theft, Fraud Risks
  • Reed Smith LLP
  • Canada
  • June 12 2017

As courts continue to grapple with close calls on standing following the U.S. Supreme Court's seminal decision in Spokeo v. Robins, another court has


Supreme Court Holds New York Credit Card Surcharge Statute Regulates Speech
  • Reed Smith LLP
  • USA
  • April 4 2017

In the ongoing skirmishes between card networks and merchants in the surcharge world, the U.S. Supreme Court has just issued a significant ruling on


Rights of Third Parties Put on Notice of Freezing Orders - A Clarification from the Court
  • Reed Smith LLP
  • United Kingdom
  • March 28 2017

In a decision this week, the English High Court has clarified the extent of a third party secured creditor’s duties, when put on notice of a freezing


Court of Appeal re-affirms the importance of the 'autonomy principle' of letters of credit
  • Reed Smith LLP
  • United Kingdom
  • February 16 2017

Fraud is rarely proved in practice. So a High Court decision in 2016 which prevented payment under a standby letter of credit (the “SBLC”) on the


Tennessee Court Awards $1.9 Million in Mapco Express Data Breach Class Action Suit
  • Reed Smith LLP
  • USA
  • February 6 2017

Last month, a Tennessee Federal court ordered Mapco Express, Inc. (“Mapco”) to pay approximately $1.9 million to settle class action claims arising


Ohio Federal Court Rules That Bank Is Not Liable Under Ohio Securities Act For Providing Ordinary Banking Services To Customers Who Operated Ponzi Scheme
  • Reed Smith LLP
  • USA
  • January 19 2017

In a January 10, 2017 decision, United States District Judge Thomas M. Rose in the Southern District of Ohio ruled that plaintiffs, who claimed to be


Letters of Credit - Application of Fraudulent Exception
  • Reed Smith LLP
  • United Kingdom
  • January 6 2017

The High Court recently applied the ‘fraud exception’ to prevent payment under a standby letter of credit where the signatory who certified a


Class X litigation: Not so appealing
  • Reed Smith LLP
  • United Kingdom
  • December 22 2016

Following their loss at first instance in Titan Europe 2006-1 P.L.C. And others 2016 EWHC 969 (Ch) (the background to the case and our commentary