Banks seek to block Target's deal with MasterCard over data breach

April 22, 2015 10:37 PM

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April 22 (Reuters) - A group of small banks and credit unions suing Target Corp over its massive data breach in 2013 are moving to block the retailer's proposed $19 million settlement with MasterCard Inc, calling it a "sweetheart deal" aimed at undercutting their own claims for losses.

Lawyers for plaintiffs in the lawsuit, which seeks class-action status, filed an emergency motion late Tuesday asking a federal judge in St. Paul, Minnesota, for a preliminary injunction that would prevent the settlement announced on March 19 from going through.

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