A group of financial institutions affected by the 2013 Target data breach is asking a court for a preliminary injunction to block the proposed settlement. The banks allege that “the total losses actually suffered by card-issuing financial institutions are astronomically higher than the $19 million offered” The banks are also asking the court to stop or limit “misleading and coercive communications” from Target and MasterCard about the proposed deal. A class action lawsuit filed by financial institutions against Target seeking reimbursement for breach-related expenses is still pending.”]
Source: https://www.cuinfosecurity.com/banks-try-to-block-target-settlement-a-8156