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<b><i>Online Extra:</b></i> Banks' Lawyers Balk at Target's Data-Breach Deal

By Amanda Bronstad
August 31, 2015

Plaintiffs lawyers representing some banks and financial institutions caught up in Target's 2013 data breach say the $67 million deal struck last month between the retailer and Visa Inc. leaves their clients shortchanged.

The banks and credit unions are the only plaintiffs left in the data breach litigation after Target paid $10 million in March to'settle'more than 140 class actions filed by its customers.

The'deal, made public on Aug. 18, is designed to reimburse banks that issued Visa cards affected by the breach, which compromised 40 million credit and debit cards.

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