Target pays up, sort of

This arrived in email Sunday:

If You Shopped at Target from November 27 through December 18, 2013 or Received Notice That Your Personal Information Was Compromised, You Could Get Money for Losses from a Data Breach Settlement.

A Settlement has been proposed in lawsuits against Target Corporation (“Target”) relating to Target customers whose credit/debit card information or personal information was stolen as a result of a data breach that was first disclosed on December 19, 2013 (“Target Data Breach”). Target’s records show you are included in this Settlement and may be eligible for a cash payment. Visit www.TargetBreachSettlement.com for more information or to file a claim.

Who is included in the Settlement? You are a member of the Class if: (1) you shopped at a Target store and used your credit or debit card from November 27-December 18, 2013; (2) you provided your contact information to Target before December 18, 2013; or (3) your bank, credit card company, or other financial institution issued you a new credit or debit card shortly after December 2013 and informed you that your old card may have been compromised. If you received a notice directly about the Target Data Breach, you are a Class Member.

What does the Settlement provide? The $10 million Settlement Fund will provide payments to consumers who have had losses caused by the Target Data Breach. If you are included, you can choose between two types of payments:

* If you have documentation, you can receive reimbursement of losses up to $10,000. These losses include unauthorized, unreimbursed charges; certain costs and fees; and lost or restricted access to funds among other things.

* If you do not have documentation, you may be eligible for an equal share of the Settlement Fund remaining after payment of claims for documented losses and service payments. For example, if the total of service payments awarded by the Court plus documented claims adds up to $1 million and 300,000 Settlement Class Members submit valid claims without documentation, you will receive $30 from the Settlement Fund. The amount of actual payments will depend on the amount of claims received.

I fall into classification (2): I presumably had this stuff on file, but did not actually charge anything at Target during the period in question, and have incurred no losses as a result of the breach.

Oh, since you were curious:

Target will pay any attorneys’ fees and expenses awarded by the Court to Settlement Class Counsel separate and apart from the Settlement Fund. Settlement Class Counsel’s Fee Request will not exceed $6.75 million ($6,750,000).

Is there a separate wing of law school where class-action suits are studied as a specialty? And how much extra do they charge for tuition?





1 comment

  1. McGehee »

    4 May 2015 · 3:54 pm

    I have little doubt that class is not an elective.

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