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Overstock.com celebrates courtroom win
Overstock.com has reason to celebrate after a district court in Salt Lake City, Utah, ruled in the online retailer’s favor, denying breach of contract and other claims for damages of $1.7 million.
The company said that in Haddadin v. Overstock, two brothers asserted they were entitled to damages of $1.7 million, plus future royalties, when the it contracted with Ed and Ayman Haddadin for the creation of an auto sales store on the e-tailer's website.
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NRF outlines data breach blueprint
The malicious attack on Target which resulted in a massive data breach has spawned a “we’re all in this together” attitude among the nation’s retailers with the National Retail Federation spearheading the charge for common sense consumer protection measures.
Foremost among them is usage of the more secure Chip and PIN technology in credit and debit cards that offers better encryption of data than the magnetic stripe cards that are prevalent in the U.S.