http://www.startribune.com/business/246983121.html
By: JENNIFER BJORHUS
Star Tribune
February 24, 2014
A group of First Farmers & Merchants banks in southern Minnesota have sued
Target Corp. over alleged damages from the retailer’s data breach late
last year.
While a number of financial institutions from around the country have sued
the company since news of the data heist broke, the First Farmer &
Merchants lawsuit is believed to be the first by a financial institution
on Target’s home turf in Minnesota.
“The way that this has happened, it’s the banks whose exposure is greatest
here, ” said Garrett Blanchfield, a lawyer at Reinhardt Wendorf &
Blanchfield in St. Paul representing the local banks. “We think the
Minnesota laws provide a sound basis for us.”
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.
[...]
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