Lawsuit Against Bank Transfer Spying Program
Thursday, June 21, 2007 - FreeMarketNews.com
A federal judge in Chicago rejected a motion last week to dismiss a lawsuit filed against the Society for Worldwide Interbank Financial Telecommunications (SWIFT), according to Raw Story. Two plaintiffs argue SWIFT violated the Fourth Amendment and the financial privacy rights of bank customers in the United States by teaming up with President Bush's "Terrorist Finance Tracking Program." SWIFT may have carried out an overbroad release of information to the U.S. government.Plaintiffs filed the suit last June when The New York Times reported SWIFT's cooperation with the U.S. government, according to Bloomberg News. Steven Schwarz, attorney for the plaintiffs, said he intends to seek class-action suit, a move that could result in $1 billion in damages if the suit is successful. Staff Reports - Free-Market News Network
A federal judge in Chicago rejected a motion last week to dismiss a lawsuit filed against the Society for Worldwide Interbank Financial Telecommunications (SWIFT), according to Raw Story. Two plaintiffs argue SWIFT violated the Fourth Amendment and the financial privacy rights of bank customers in the United States by teaming up with President Bush's "Terrorist Finance Tracking Program." SWIFT may have carried out an overbroad release of information to the U.S. government.Plaintiffs filed the suit last June when The New York Times reported SWIFT's cooperation with the U.S. government, according to Bloomberg News. Steven Schwarz, attorney for the plaintiffs, said he intends to seek class-action suit, a move that could result in $1 billion in damages if the suit is successful. Staff Reports - Free-Market News Network
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