Civil Litigation
Jul. 18, 2025
AT&T must face trial for investor's $24M crypto loss
A judge ruled AT&T may have violated the Federal Communications Act, allowing a jury to decide if the company's failure to protect investor Michael Terpin's data led to a $24 million cryptocurrency loss.
A judge set the stage for a jury to decide whether AT&T violated the Federal Communications Act after fraudsters allegedly bribed an employee to execute a SIM swap that led to a cryptocurrency investor's $24 million loss.
The phone carrier could not escape a remanded liability claim in the years-long case after U.S. District Judge Otis D. Wright, in a renewed summary judgment analysis, found the company may have systematically failed to protect investor Michael Terpin'...
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