Target Sued by Connecticut Bank Over Fallout From Data Breach

Target Corp. (TGT)’s consumer credit- and debit-card data breach cost Connecticut-based Putnam Bank and other lenders money because it forced them to issue customer alerts and new cards while reimbursing account-holders for their own losses due, according to a complaint filed today in federal court in Minneapolis.

To contact the reporter on this story: Andrew Harris in federal court in Chicago at aharris16@bloomberg.net

To contact the editor responsible for this story: Peter Blumberg at pblumberg1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.