Judge Paul Magnuson, who is presiding over the Target multi-district class action litigation in Minnesota, preliminarily approved the parties’ proposed settlement of the litigation involving the infamous breach affecting up to 110 million individuals during the holidays in 2013 for $10 million.
The Agreement requires Target to pay $10 million into an escrow account to pay consumer claims of up to $10,000 each if they can document losses, up to $6.75 million in attorney’s fees and the remainder to go to the rest of the class who can’t document their losses. Class members can submit their claims through the mail or online.
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