The U.S. District Court for the District of Minnesota has denied Target’s motion to dismiss negligence claims alleged by five banks following the December 2013 hacking incident that compromised the personal and financial information of approximately 110 million customers.  According to the class action complaint, filed in In re: Target Corporation Customer Data Security Breach Litigation on behalf of all financial institutions whose customers made Target purchases during the relevant period, the data breach caused the banks to suffer substantial losses such as the costs of reissuing credit and debit cards, notifying customers about the breach and addressing their complaints, monitoring accounts for fraud, and reimbursing customers affected by it.  The court ruled that the banks had sufficiently alleged that Target had breached a duty of care under state law in that the harm to the banks was caused and exacerbated by Target’s actions and inactions.