We previously reported that Target and MasterCard had entered into a proposed $19 million settlement to reimburse card issuers for expenses related to the re-issuance of credit and debit cards to customers affected by the Target data breach.

Soon after the proposed settlement was announced, a number of banks and credit unions filed a class action suit seeking injunctive relief to block the settlement as they were not part of the settlement negotiations, nor was the court. The proposed class requests that financial institutions refuse to participate in the settlement and that the court block the proposed settlement.