As reported previously, Gary Lynch was elected to the Executive Committee managing litigation on behalf of a putative class of financial institutions that is pending before Judge Magnuson in the United States District Court for the District of Minnesota. On December 2, 2014, the Court issued a decision denying almost all of the arguments advanced in Target’s Motion to Dismiss the case. Developments in this case should be instrumental in shaping the body of law that is evolving in the wake of recent data breach incidents in this country.