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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

Published Thu, Dec 3, 2015 · 09:50 PM
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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 responsible for their costs to reimburse fraudulent charges, and issue new credit and debit cards.

Target has said that at least 40 million credit cards were compromised in the breach, and that as…

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