Counsel seeks Del., Mont., Wyo. CUs as Home Depot class action plaintiffs
April 29, 2015
WASHINGTON (4/30/15)--Credit unions from three states--Delaware, Montana and Wyoming--are being sought as plaintiffs to join the nationwide class action lawsuit against Home Depot regarding the September 2014 data breach.
CUNA, as well as some state credit union leagues and credit unions, has elected to join the lawsuit as named plaintiffs. The suit seeks recovery and injunctive relief associated with the data breach that the retailer acknowledges compromised 56 million debit and credit cards.
Parties to the lawsuit must be identified and evaluated within the next two weeks to make the May 15 deadline for inclusion in the class action lawsuit. Interested credit unions may contact the attorneys representing CUNA by emailing DataBreachLawsuit@cuna.coop.
CUNA's participation does not mean credit union participation is not needed. To best ensure monetary recovery is available to credit unions in all states, plaintiff lawyers are seeking at least one plaintiff from each state to be involved as a named plaintiff in the current class action lawsuit, Susan Parisi, chief counsel of CUNA, has noted.
She emphasized that credit unions need to make their own decision about whether joining as a named plaintiff is right for them.
Those credit unions who choose not to participate as named parties can still likely participate as class members. No immediate action is needed by credit unions not wishing to be named parties.
CUNA has been heavily involved in the issue of merchant data breaches by corresponding and meeting with federal lawmakers and their staffs and will continue all efforts to ensure any and all data security-related bills afford credit union members with the greatest protection possible.
CUNA studies show that the Home Depot data breach alone cost credit unions and their members nearly $60 million to reissue cards, deal with fraud and cover other costs.