posted Jan 11, 2001

Toysmart.com case settled
Privacy from Companies
1/11/2001; 12:29:15 PM

'In a case that could affect other fledgling dot-coms, a defunct online toy store will be paid $50,000 and have its customer database destroyed rather than being sold off to pay creditors, federal regulators said Tuesday.'

Excellent. If there's a legal loophole that someone can use to break privacy promises, it's only a matter of time before some people start systematically exploiting it.

 

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