Mar 19, 2015 11:58 AM
Judge OKs $10 million settlement in Target data breach
The Associated Press
NEW YORK (AP) A Minnesota judge has approved a settlement in which Target Corp. will pay $10 million to settle a class-action lawsuit over a massive data breach in 2013.
U.S. District Judge Paul Magnuson gave preliminary approval at a hearing Thursday in St. Paul, Minnesota. The move will allow people to begin filing claims ahead of another hearing for final approval.
People affected by the breach can file for up to $10,000 with proof of their losses, including lost time dealing with the problem.
Target's data breach in 2013 exposed details of as many as 40 million credit and debit card accounts and hurt its holiday sales that year. The company offered free credit monitoring for affected customers and overhauled its security systems.