This month’s resignation of Target Corp. chief executive officer Gregg Steinhafel came as a federal judge in Minnesota holds the first hearing in the lawsuits filed over the retailer’s data breach—although both sides have expressed interest in settling the litigation.
Target’s board of directors, citing “the right time for new leadership,” announced on May 5 that Steinhafel had stepped down. Although the Minneapolis retailer gave no reasons for his departure, Steinhafel oversaw Target’s handling of the breach, which compromised the credit- and debit-card information, and personal information, of about 110 million customers during the holiday season last year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]