A judge in the U.S. District Court for the Northern District of Georgia has pushed the deadline for credit unions to join a class-action suit against Home Depot to May 27, according to CUNA.

The change gives credit unions more time to decide if they'll participate in a lawsuit that is the result of a massive data breach at the retailer in September 2014.

The breach occurred when hackers got into the company's network and deployed malware on the self-checkout systems in order to get card information from shoppers at U.S. and Canadian stores between April 2014 and September 2014, according to Home Depot's latest 10-K filed with the SEC.

More than 50 million email addresses were also taken, according to the company.

The breach has cost credit unions nearly $60 million, CUNA said.

“CUNA did not make the decision to join the lawsuit lightly; we stand with our credit union members and believe consumers must be protected from merchant negligence,” CUNA President/CEO Jim Nussle (pictured) said.“Home Depot continues to operate using the inferior systems and procedures that gave rise to the breach and it is unacceptable.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.