Target will pay $10 million after class-action lawsuit

Target will pay $10 million to settle class-action lawsuit stemming from data breach.

Published Wed, Mar 18 2015 11:50 PM CDT   |   Updated Tue, Nov 3 2020 12:09 PM CST

Following its massive 2013 data breach, which led to customer payment data being stolen, Target will pay $10 million in a class-action lawsuit settlement. The attack took place between Nov. 27 and Dec. 15 2013, with up to 40 million credit and debit cards compromised.

Target will pay $10 million after class-action lawsuit | TweakTown.com

If approved by a federal district court judge, individual victims would be paid up to $10,000 - but is just one of 15 lawsuits that were filed against Target within a short period following the data breach.

"We are pleased to see the process moving forward and look forward to its resolution," said Molly Snyder, Target spokesperson, in a statement to CBS News.

Many consumers were still a bit stunned from the Target breach, but a handful of other major companies also suffered the same fate throughout 2014.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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