credit card numbers) without having to actually handle your card at all. High-tech thieves are now able to steal your personal data (i.e. Signal Vault makes their products to protect your data from a new style of crime. Here's a guide to why Signal Vault exists, and how the world of credit cards is changing dramatically right before our very eyes. The product was a featured Shark Tank product, so it's recently gained a lot of exposure.Īs assistive technology experts, we wanted to review SignalVault's ability and functionality to protect your debit and credit card information by giving you the legitimate RFID blocking security all of us might need in the near future.īoth the Signal Vault products and the idea of this type of security in general are taking off in the United States, largely because of the popularity of the Shark Tank show.īut what's this all about, and do we really need RFID blocking in our lives? (What is RFID blocking, anyway?) Most people don't even realize their credit cards are changing our about to change, so they don't really understand what SignalVault is all about and why anyone would need it. As such, Jane Petty, Tom Petty’s ex-wife, was the only plaintiff left and Tom Petty’s contract with MCA - which was later acquired by UMG - effectively served as the basis for much of the decision.SignalVault is a signal-blocking device for your wallet designed to protect the owner from digital criminals who skim data from credit cards wirelessly. Judge Kronstadt’s decision comes after four of the five original plaintiffs dropped out of the suit: Hole was the first to leave last August, while Soundgarden, the Tupac estate and Earle followed in March. As always, we remain focused on partnering with artists to release the world’s greatest music.” A lawyer for the class action suit plaintiffs, did not immediately reply to a request for comment. “As we have said all along, the New York Times Magazine articles at the root of this litigation were stunning in their overstatement and inaccuracy. “Judge Kronstadt’s decision fully dismisses the Soundgarden litigation and entirely rejects the only remaining plaintiff’s arguments,” a representative for UMG said. Judge Kronstadt, however, dismissed five of the six causes of actions contained in the original filing, including allegations of breach of contract, negligence and reckless conduct. It claimed that UMG took in settlement proceeds and insurance claims valued at $150 million and sought damages worth half that, plus half of any additional losses. The ensuing suit accused UMG of not doing enough to prevent the fire, concealing the extent of the destruction from artists while simultaneously pursuing litigation and insurance claims to recoup losses. Kronstadt and obtained by Rolling Stone, wraps up a legal battle that began last summer after The New York Times Magazine reported that the damages sustained in the 2008 fire were initially underreported and potentially included the loss of over 500,000 recordings, including some original master tapes. The decision, filed Monday by Judge John A. Universal Music Group has emerged victorious in a legal dispute over alleged damages sustained in a 2008 vault fire, with a judge dismissing a class action suit originally brought last year by several artists and estates including Soundgarden, the Tupac Shakur estate, Steve Earle and Hole.
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