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Target agrees to pay US$39.4m in settlements

Move resolve claims by banks and credit unions that lost money because of data breach

Target has taken steps to avoid a recurrence of the data breach, including being among the first US retailers to install microchip-enabled card readers at all stores.

New York

TARGET Corp has agreed to pay US$39.4 million to resolve claims by banks and credit unions which said that they lost money because of the retailer's data breach in late 2013.

The settlement filed on Wednesday resolves class-action claims by lenders seeking to hold Target

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