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Now that a U.S. District Court has granted class action status to a suit brought by five financial institutions against Target for damages related to the retailer’s massive 2013 data breach, as many as 9,000 credit unions and other institutions should soon receive paperwork about participating in the suit, according to one of the attorneys in the case.

Charles Zimmerman of Zimmerman Reed PLLP (pictured), which is now the co-lead counsel for the class, told CU Times a court-approved notice should begin arriving in financial institutions’ mailboxes in a few weeks. Financial institutions don’t need to opt into the class, Zimmerman said; those that receive the notice are already deemed part of the class action.

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Tina Orem


Credit Union Times

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