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Target settles data breach class action with financial institutions for $39 million

By Kathryn Rattigan on December 3, 2015
Posted in Data Breach

We previously reported that Target Corp.’s (Target) settlement with MasterCard was rejected, but now, Target agreed to pay $39 million to settle the class action filed against it on behalf of the financial institutions affected by Target’s 2013 data breach. Target will pay $20.5 million directly to class members, consisting of all U.S. financial institutions…

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