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A $19 million settlement between Target and MasterCard has been terminated, Reuters reports. The deal was originally announced in April and would have provided compensation to banks and credit unions that sued over Target’s breach, but the settlement fell through because not enough banks accepted the deal. In their suit, lawyers argued that the deal with MasterCard “was an attempt to undercut their claims for damages,” the report states. Plaintiffs’ lawyers said, “We are pleased that financial institutions have resoundingly rejected Target and MasterCard’s attempt to avoid fully reimbursing the losses suffered during one of the largest data breaches in U.S. history.”
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