Target Proposes $10 Million Data Breach Settlement

Target Corp. has proposed a $10 million settlement of a class-action lawsuit related to its 2013 data breach, according to documents filed March 18 in the U.S. District Court of Minnesota.

Under Target’s proposal, the $10 million settlement fund will provide payments to Target customers whose credit/debit card information or personal information was stolen as a result of the data breach, which was first disclosed on December 19, 2013.

Plaintiffs who have documentation can receive reimbursement of losses up to $10,000. Plaintiffs without documentation may be eligible for an equal share of the settlement fund remaining after payment of claims for documented losses and service payments.

The settlement agreement is subject to court approval.

Target said the breach affected a minimum of 70 million customers.

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