Financial – Target Stores Data Breach Class Action Lawsuit

Target Breach Settlement

  • Provides information about the class action lawsuit entitled In re: Target Corp. Customer Data Security Breach Litigation
  • The lawsuit revolves around claims that Target did protect customers’ financial data from thieves
  • Some Target Stores Data Breach class members will receive as much as $10,000 (which is the maximum amount any one person can receive)
  • It is estimated that most class members will receive $50 to $100
  • In order to get a chunk of the 10 million dollar settlement consumers will have to show a “demonstrate loss,”
  • Target has spent over 200 million dollars in legal fees in regards to the case
  • The number of people who end up submitting claims will likely be slim

The case will be heard in the District Court of Minnesota and is thought to effect over 40 million consumers.  Anyone who used a credit and debit card between the dates of Nov. 27 and Dec. 18, 2013 while shopping at a Target store may be considered a class members of this lawsuit.  Many experts in the industry expect this decision to cost hundreds of millions of dollars in lost sales and future customer visits due to this breach.

Target Stores Data Breach Class Action Lawsuit Notes

  • Besides credit and debit card information insiders also state that the thieves made out with customers email and home mailing addresses
  • A total settlement pool of $10,000,000 has been developed for class member who file timely claims
  • No proof of purchase is required
  • Milberg attorneys are part of the legal team representing consumers AKA class members
  • A hearing was held on Thursday, March 19, 2015 requesting settlement funding

Any questions about the lawsuit can be directed to the Target Data Breach Settlement Claims Administrator at P.O. Box 2239, Faribault, MN 55021-1639 or by phone via 1-866-680-5931 OR OR Phone: 212-594-5300.

Target is listed on the New York Stock Exchange under ticker and are based at 1000 Nicollet Mall, Minneapolis, MN 55403.

Link Citations