Judge Rules For Insurers In Target’s Coverage Suit Over Data Breach Settlement

Mealey's (February 10, 2021, 1:45 PM EST) -- MINNEAPOLIS — A federal judge in Minnesota on Feb. 8 granted an insurer’s cross-motion for summary judgment in Target Corp.’s breach of contract lawsuit seeking coverage for its settlement with a group of financial institutions (FIs) over a 2013 data breach, finding that Target has failed to establish that its settlement liability stemming from the payment card claims constitutes loss-of-use damages....