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Banks can bring class-action suit against Target over data hack
Target's legal woes continue to mount over its now-infamous data breach in 2013, which exposed the credit card numbers and personal information for as many as 70 million shoppers. A District Court judge in Minnesota ruled on Wednesday that Target was negligent in its credit card data security and is therefore liable to a class-action suit brought by banks affected by the hack. That $5 million lawsuit seeks to defer the cost of covering fraudulent charges made with the stolen data. Wednesday's decision allows the primary five plaintiffs -- Umpqua Bank, Mutual Bank, Village Bank, CSE Federal Credit Union and First Federal Savings of Lorain -- to represent the rest of the class in its action.
