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EBay sues Amazon, accuses it of illegally poaching sellers

“eBay.com Inc. on Wednesday filed a lawsuit against Amazon.com Inc. accusing the company of illegally poaching sellers on its marketplace via eBay’s internal messaging system. The lawsuit, filed in Santa Clara County in California, accuses Amazon of having “perpetrated a scheme to infiltrate and exploit eBay’s internal member email system” over the past few years. The alleged scheme was […]
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Synchrony Says Walmart to Drop Lawsuit Against Credit-Card Issuer

“Synchrony Financial said Wednesday Walmart Inc. has agreed to dismiss a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal. In the lawsuit, filed late last year in the U.S. District Court of the Western District of Arkansas, Walmart said that some of Synchrony’s underwriting standards financially harmed the retailer. Walmart was seeking damages […]
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The Brooklyn Federal Court Gives a ‘Preliminary’ OK to a $6.24 Billion Deal in Interchange Case

“The federal court handling the long-running class-action litigation between merchants on one hand and big banks and Visa Inc. and Mastercard Inc. on the other announced on Friday it has granted “preliminary approval” to a settlement that could award between $5.54 billion and $6.24 billion to merchant plaintiffs. The parties announced in September they had […]
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Credit Union Sues Fintech Giant Fiserv Over Security Claims

“A Pennsylvania credit union is suing financial industry technology giant Fiserv, alleging that “baffling” security vulnerabilities in the company’s software are “wreaking havoc” on its customers. The credit union said the investigation that fueled the lawsuit was prompted by a 2018 KrebsOnSecurity report about glaring security weaknesses in a Fiserv platform that exposed personal and financial […]
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Mastercard Ruling: Almost Every UK Adult Could Receive Payout

“Almost every adult in the UK could receive a payout of up to £300 from Mastercard after a court ruling paved the way for a £14bn class action lawsuit. The legal action taken by former financial ombudsman Walter Merricks claims that 46 million UK consumers paid higher prices in shops over a 16-year period because […]
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Square Faces Lawsuit Over Misfired Medical Receipt

“A. Trent Ruark, a resident of San Diego County, paid a bill in early May at a health-care provider that used a Square device to process credit cards, his attorneys said in a filing in state court in May. Shortly thereafter, Square allegedly sent a text message linking to a digital invoice with information about […]