Home Depot settlement triggers legal battle

Financial institutions faced another tough decision this week about whether to fight a settlement offer from a retailer hit by a data breach.

According to documents filed Nov. 30 in a Georgia District Court, MasterCard and Home Depot have apparently reached a proposed settlement regarding the retailer’s September 2014 data breach. But attorneys for institutions suing Home Depot over the breach said the retailer won’t share the settlement agreement and is involved in sending “highly misleading and coercive” communications to financial institutions.

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