Target Loses Bid To KO Banks' Data Breach Litigation

By Jonathan Randles (December 2, 2014, 6:13 PM EST) -- A Minnesota federal judge left intact most of a consolidated class action against Target Corp. over losses payment card-issuing banks suffered as a result of the retailer's massive data breach, ruling Tuesday that Target owed banks a duty to protect customer credit and debit card information from hackers.

In a decision long awaited by privacy law attorneys, U.S. District Judge Paul Magnuson rejected most of Target's bid to dismiss sprawling litigation over the breach that has been brought on behalf of banks, credit unions and other financial institutions.

Tuesday's decision could shape how litigation against other retailers like Home Depot USA...

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