The aftermath of headline-grabbing data breaches at deep-pocketed retailers is almost always characterized by litigants of all sizes lining up to seek reparation for their legal injuries. These litigants can come in the form of disgruntled financial institutions, who demand compensation for breach-related expenses, or unhappy consumers who have suffered from theft of personal/ financial information and unauthorized charges on their accounts. Although consumer class-action lawsuits are a dime a dozen, they typically do not fare well in court, as courts generally conclude that their losses are covered in full by banks. On the other hand, financial institutions have a much easier time proving the costs associated with data breaches, such as card reissuance and reimbursement on fraudulent transactions. Follow along as we discuss the most recent data breach lawsuits including Target, Home Depot, and Wendy’s, and their effect on consumers, financial institutions, and retailers.