A Minnesota judge denied a motion by banking institutions to block MasterCard’s $19 million settlement with Target Corp. on behalf of card issuers affected by the retailers’ massive 2013 breach. One cybersecurity attorney says this ruling could discourage banks and credit unions that filed a class-action suit against Target from pushing forward. The case is set to go to trial next spring; no such settlement with Visa has yet been announced. MasterCard says it’s pleased with the court’s decision; Target says settlement is not serious misconduct.”]
Source: https://www.bankinfosecurity.com/will-banks-drop-target-lawsuit-a-8211/op-1