Financial institutions claim Home Depot breach caused 'billions of dollars' in fraud losses

Financial institutions claim Home Depot's data breach caused total fraud losses "in the billions of dollars." In a consolidated complaint filed May 27 in federal court in Atlanta, more than 100 financial institutions state their case for why The Home Depot Inc. (NYSE: HD) is responsible for the massive data breach that the world's largest home improvement retailer suffered in 2014. The lawsuit takes direct aim at the company's former top executive and management, starting off with a quote from…