Courts Still Mulling Class-Action Status of Credit Transaction Suits

As many as 300 class-action lawsuits involving alleged retail violations of the Fair and Accurate Credit Transactions Act of 2003 are still awaiting legal ruling on their class-action status, among other issues, according to John McIntyre, partner at Reed Smith, a law firm that represents about 15 of the retail companies named in the suits.

PITTSBURGH — As many as 300 class-action lawsuits involving alleged retail violations of the Fair and Accurate Credit Transactions Act of 2003 are still awaiting legal ruling on their class-action status, among other issues, according to John McIntyre, partner at Reed Smith, a law firm that represents about 15 of the retail companies named in the suits. The credit and debit card provisions of the law, which took effect in December 2006, state that retailers can be held liable for damages of b

Register to view the full article

test - Advanced Registered User

Already a member? .