Roughly two years after initially losing, an appeals court breathed new life into 14 credit unions' hopes to recover some of their losses from an enormous 2008 card data breach.
The victory came from a panel of the Fifth Circuit Court of Appeals in New Orleans, which ruled Sept. 3 that the plaintiffs have a negligence claim against Heartland Payment Systems.
The breach has been recognized as one of the largest ever, compromising information from more than 100 million U.S. consumers. Litigation was brought by banks and credit unions and then consolidated into one complaint heard by U.S. District Judge Lee Rosenthal in Southern Texas.
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