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5 Minn. Banks Sue Target Over Data Breach

Created: 02/25/2014 4:39 PM KSTP.com
By: Cassie Hart

A group of southern Minnesota banks is suing Target Corp., alleging damages from the retailer's data breach late last year.
    
The five banks are First Farmers & Merchants banks.  The lawsuit was filed Saturday in U.S. District Court in Minnesota.
    
The complaint doesn't specify a damage amount but says the banks have had to refund fraudulent charges, close and reopen checking and savings accounts and cancel and re-issue credit and debit cards.
    
The Star Tribune reports the banks are in Luverne, Fairmont, Brownsdale, Grand Meadow and Cannon Falls.
    
A Target spokeswoman told the newspaper the Minneapolis-based retailer does not comment on litigation.
    
As of February, banks and credit unions nationally estimated they've spent more than $200 million replacing credit and debit cards whose data were snatched in the cyberattack.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 


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