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Judge denies request for injunction to stop Target from settling with banks over data breach

( May 7, 2015, 21:23 GMT | Official Statement) -- MLex Summary: A federal judge in Minnesota has denied a request by attorneys for banks and financial institutions seeking a preliminary injunction to stop the enforcement of any release by any bank that agrees to Target's $16 million settlement with MasterCard following a 2013 data breach. US District Judge Paul Magnuson said the court only has authority to oversee such settlements if there is misconduct, and while he said the settlement may not pass the "smell test" there is no misconduct. Please see order below: ...

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