AIG subsidiary tells court it’s not responsible for Landry’s legal costs in $20 million lawsuit filed after breach
An insurance company is arguing in court it should not be responsible for covering a $20 million lawsuit filed in connection with a data breach at a national restaurant and hospitality chain. The Insurance Company of the State of Pennsylvania, an AIG subsidiary, argued in the U.S. Court of Appeals for the Fifth Circuit on Nov. 25 that it does not need to fund a legal defense for the Landry’s restaurant chain following a breach uncovered in 2015. JP Morgan Chase and its payment processing arm, Paymentech, filed suit in 2018 against Landry’s, alleging the company has failed to compensate the bank for breach-related costs. Chase accused Landry’s, which operates Bubba Gump Shrimp, Rainforest Café and Joe’s Crab Shack locations, among others, of failing to reimburse the bank for post-breach assessments conducted by Visa and Mastercard. Hackers spent months lurking inside Landry’s systems from 2014 to 2015, accessing customers’ payment […]
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