A civil lawsuit arising out of what is believed to be the biggest prescription drug theft in American history is set to move forward to trial, after a federal judge in Florida denied summary judgment motions of defendant Tyco Integrated Security, f/k/a ADT (NYSE: TYC), the nation?s leading security provider. The case, which seeks to recover $48 million from Tyco, could set precedent impacting the responsibilities of companies that provide security or cyber-security or have access to any sensitive customer data, such as network support companies, and could have wide-ranging implications across the insurance and real estate as well as security industries.
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