MONTGOMERY, Ala. — Alabama State Employees Credit Union has filed what appears to be the first class action lawsuit by a financial services company against Target Corp. over costs from the massive card security data breach.

The suit, filed Monday in an Alabama federal court, seeks compensation for financial losses resulting from defrauded deposits of financial institution members and customers, as well as costs associated with closing accounts, reissuing new checks, debit cards and credit cards as a result of Target's data breach.

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