More bad news for destination

How big are to target (NYSE: TGT) problems?Investors have bid down stocks only about 1.3 percent Monday, and only about three percent since the news, but that might be the least of her worries.The bad news is piling up for the retailer.First, affected customers of the breach were given the gift added by JPMorgan Chase of spending caps. As a result of the data breach, the Bank allowed customers to withdraw up to $ 100 by ATMs and debit card purchases of $ 300 per day. Customers found out about these limits on Saturday.Some — very, customers criticized the move as without warning and an overreaction.Some customers have complained that the paper was rejected before they received the email about the restrictions. While Chase was the "target" of criticism, destination still bears the brunt of the wrath.Destination has done what any company should do when customers filled his Facebook page with scathing comments; It published an apology and offered a discount of 10% on all purchases this weekend in a bid to keep customers from going elsewhere for their holiday shopping. Apparently, that didn't work the way executives expected goal.The number of transactions was down 3:57 percent over the weekend, according to reports.Reading: Destination data breach could affect 40 million customersBut now the lawsuits.There are reports of lawsuits already filed in California and Oregon against Target alleging that the shop, "failed to implement and maintain reasonable security procedures"In San Francisco, law firm hopes to do in the event a class action.Robert Ahdoot attorney said, "since we have listed every day through the weekend, we are receiving calls from individuals across the country – both unauthorized withdrawals did not by their debt cards or they had authorized use of their credit card. Most say they've never had this problem before. "So far, investors do not seem alarmed by a data breach that could involve more than 40 million customers and be among the biggest in history. Starting from midday trading Monday, the stock is off its lows and analysts have not issued the downgrade of the stock based on the news.Disclosure: at the time of this writing, Tim Parker had no position in above stock.-Published In: JPMorgan Chase legal events TargetNews best of Benzinga(c) Benzinga.com 2013. Benzinga does not provide investment advice. All rights reserved.