More than 100 actions have been filed in state courts throughout...
More than 100 actions have been filed in state courts throughout the U.S. -- and one action in Canada -- on behalf of guests, payment card issuing banks, shareholders or others seeking damages or relief arising from Target’s data breach during Q4 2013, said the retailer’s 10-Q SEC filing. During the six months ended Aug. 2, Target recorded $175 million of breach-related expenses, against expected insurance proceeds of $46 million, resulting in net expenses of $129 million, it said Wednesday (http://tgt.biz/1lvZgB0). Overall since the data breach, the company has incurred $236 million of cumulative expenses, offset by expected insurance recoveries of $90 million, for net cumulative expenses of $146 million, it said. State and federal agencies, including state attorneys general, the FTC and SEC are investigating events related to the breach, including how it occurred, its consequences and our responses, Target said.