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Print articleIssuing Banks Obtain Class Certification in Target Data Breach MDL
September, 2015 - Daniel H. Gold, Timothy Newman, Phong Tran
Financial institutions are moving forward in their multidistrict litigation (“MDL”) lawsuit against Target following the company’s 2013 payment card breach. Last week, a Minnesota federal district court certified a class of approximately 9,000 banks and credit unions that issued payment cards affected by the breach. The ruling is the first to grant class certification in litigation following a payment card compromise.
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