Target Wins Data Hack Coverage From Chubb In Reversal

Target Wins Data Hack Coverage From Chubb In Reversal

March 23, 2022, Law360

Gretchen Hoff Varner spoke with Law360 regarding the court’s reversal of its 2021 decision, now in favor of Target, saying she was pleased with the court's decision and that it could have important implications for cyberinsurance policyholders.

"After nearly a decade of hard-fought dispute,” Gretchen expressed in a statement, “we are delighted with the court's decision to award our client Target with summary judgment, adopting our position and ordering Ace to indemnify Target for the costs of replacing payment cards that were affected by the 2013 data breach. This is an important decision for policyholders who have experienced a data breach or other type of cyber event.”

The article mentioned the team representing Target, including Gretchen Hoff Varner, John Buchanan III, David Goodwin, Yurij Melnyk, and Ryan Buschell.

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