Merchants-Target LAWSUIT

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 banks are in Cannon Falls, Luverne, Fairmont, Brownsdale and  Grand Meadow.

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.

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Topics : Business_Finance
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Locations : MinnesotaSouthern Minnesota
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