A $40 million class action verdict against a national credit reporting agency for reporting that plaintiffs’ names appeared on a government list of individuals prohibited from conducting business in the United States should be thrown out, the Supreme Court heard this morning. The case is Trans Union LLC v. Ramirez, court file 20-297. Sixty minutes were allotted for the telephonic oral arguments March 30 but they ran 90 minutes. Plaintiff Sergio L. Ramirez is the representative for a class action lawsuit against credit reporting agency Trans Union. He alleged the company willfully violated the Fair Credit Reporting Act by reporting that his name appeared in the database operated by the Department of the Treasury’s Office of Foreign Assets Control (OFAC). According to the government, OFAC “administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics …