Target has announced that it has entered into a settlement with Visa to resolve claims of issuers of Visa credit and debit cards arising from Target’s November 2013 data breach. The proposed settlement will pay issuers of Visa payment cards up to $67 million to reimburse losses associated with the theft of card numbers from… Continue Reading
Tag Archives: Target-MasterCard settlement
Failure to Obtain Required Retailer Approval Scuttles Target-MasterCard Data Breach Settlement
Posted in Class Action Litigation, Data Breach, Privacy LitigationTarget’s attempt to resolve claims of MasterCard-issuing banks through a $19 million private settlement with MasterCard has been terminated for failure of issuers of 90% of the affected cards to accept the settlement by the Wednesday, May 20 acceptance deadline. Press reports on Friday, May 22 indicated that both Target and MasterCard had confirmed that… Continue Reading
Judge in Target Data Breach Litigation Declines to Block MasterCard Settlement
Posted in Class Action Litigation, Data BreachSenior U.S. District Court Judge Paul Magnuson issued an order on Thursday, May 7 denying a request by counsel for card issuer banks to enjoin the settlement of data breach related claims negotiated between Target and MasterCard. As we have previously reported, the proposed settlement would provide compensation to MasterCard-issuing banks for fraud losses and… Continue Reading
