Judge Refuses to Dismiss Banks' Suit Against Target

A federal judge handed an early victory to banks in their effort to recoup losses from a major breach last year at Target. More than 40 million credit cards were compromised in the incident. A United States District Judge in Minnesota, Paul A. Magnuson, rejected Target’s bid to dismiss lawsuits by financial institutions that claim Target had played a “key role” in allowing its computer systems to be compromised.