Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Casino operator MGM sues FTC to block probe into 2023 hack

Published 04/15/2024, 12:56 PM
Updated 04/15/2024, 01:08 PM
© Reuters. FILE PHOTO: An exterior view of Park MGM hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo

By Raphael Satter

WASHINGTON (Reuters) - MGM Resorts (NYSE:MGM) International is suing the U.S. Federal Trade Commission to block a probe into the impact on data security of the dramatic hack that hobbled the casino operator last year.

In a lawsuit filed on Monday in federal court Washington, MGM said it was seeking quash the FTC's demands for information because the operator was not a financial institution and therefore was not subject to FTC rules governing consumer financial data.

The lawsuit also argued that, because FTC Commissioner Lina Khan was reportedly checking in to an MGM hotel when the hack knocked out its systems, she was personally involved in the matter and should recuse herself.

The FTC declined to comment on the suit. MGM had said previously that regulators were examining the breach.

The hack that hit the company in September "cost MGM dearly," the company said in its lawsuit. The firm has disclosed tens of millions of dollars in damages and the suit said MGM was now the defendant in fifteen consumer class actions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.