A Win Against Target

Score one for the financial institutions in their ongoing battle against retail giant Target over its massive data breach in 2013.  A district court judge has certified five financial institutions as a class, which paves the way for their lawsuit to move forward.  The judge further characterized as absurd Target’s argument that since financial institutions are not required by law to reissue cards they therefore did not have to incur reissue expenses. [9/16/15]