Banks Denied Class Cert. In Kmart Data Breach Suit

Law360, New York (October 15, 2015, 4:33 PM EDT) -- An Illinois federal judge on Wednesday declined to certify a class of financial institutions alleging Kmart was using outdated security measures when hackers breached its networks last year, citing an August Seventh Circuit ruling that overturned circuit precedent on whether an offer of full relief moots claims.

In a minute entry, U.S. District Judge John Z. Lee struck without prejudice the financial institutions’ motion to certify a class of banks, credit unions and other financial institutions whose customers made transactions at Kmart Corp. stores during the...
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