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ARTICLE · 06 APRIL 2016

Retailer Data Breach Class Action Settlement Receives Approval

Jones Day
Jones Day
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On December 2, 2015, the retailer agreed to pay an additional $39M to banks and credit unions for losses from the same breach.

United StatesPrivacy

On November 17, 2015, a major retailer received approval to pay $10M to settle consumer class actions stemming from a 2013 data breach that compromised millions of payment cards. On January 27, 2016, the Eighth Circuit rejected an appeal related to the settlement. The district court also approved the payment of up to $6.75M in attorneys' fees and expenses in connection with the consumer settlement. On December 2, 2015, the retailer agreed to pay an additional $39M to banks and credit unions for losses from the same breach.

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