Supreme Court Limits Consumer Suits in Win for TransUnion (2)

The U.S. Supreme Court put new limits on consumer lawsuits, backing TransUnion in its fight against a $40 million award to thousands of people whom the credit-reporting firm categorized as potential terrorists.

The justices, voting 5-4, said most of the 8,000 people in the class action case lacked the legal right to sue.

Of those class members who were wrongly flagged by the credit reporting agency as potential matches to individuals on a terrorist watch-list, only about a quarter had their reports sent to third parties.

The bulk of the class members suffered no concrete harm because the reputational risk ...