Palo Alto 'smart' credit card startup shutters after taking $9M in pre-orders

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Plastc, a startup that reportedly took $9 million in pre-orders for a "smart" credit card, has angry customers threatening to sue after it abruptly shut down on Thursday. The Palo Alto-based company said on in a note on its home page that it is considering seeking Chapter 7 bankruptcy. That prompted one of the thousands of customers who paid $155 up front for an undelivered card to create a Facebook page about putting together a class-action lawsuit. Click here to get the free daily TechFlash Silicon...

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