Twin Engine Plane Crashes At Wichita Mid-Continent Airport | Read More

Local

Banks File Class Action Lawsuit Against Target

View Comments
(credit: Scott Olson/Getty Images)

(credit: Scott Olson/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Banks File Class Action Lawsuit Against TargetHot Halloween Costumes

186544357 Banks File Class Action Lawsuit Against TargetLast Minute Halloween Costumes

 alt=Musicians Then And Now

452359772 10 Banks File Class Action Lawsuit Against TargetMissing Summer?

 alt=Alyssa Milano Shares Breastfeeding Selfie

cowb thumb Banks File Class Action Lawsuit Against TargetCowboys Cheerleaders

FORT WORTH (CBS 11 NEWS) - Two banks have teamed up to file a class action lawsuit against Target over its data breach.

The Provost Umphrey Law Firm is representing the Community Bank of Texas and First National Bank of Texas.  Other banks could also join the suit.

The banks claim that the breach, in which hackers obtained debit and credit card information from approximately 40 million Target customers, could have been prevented.  The law firm states that Target failed to implement and maintain reasonable, industry-standard security measures to protect its customers’ credit card, debit card, and personal information.

Banks, according to the lawsuit, have covered the expenses for reimbursing customers for fraudulent charges, creating, issuing and mailing new payment cards to their customers, as well as other major costs related to the security breach.

“We feel that CommunityBank is well positioned to represent a nationwide class of banks, credit unions, and other financial institutions. It is too early to determine just how much money banks have lost, but early indications are that losses could run in the hundreds of millions of dollars,” said Michael A Havard.

(©2014 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Latest News:

Top Trending:

View Comments