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Target To Pay $10 Million In Proposed Settlement For 2013 Data Breach
itwbennett writes Target has agreed to pay $10 million in a proposed settlement to a class-action lawsuit stemming from its massive 2013 data breach, which affected as many as 110 million people. Individual victims could receive up to $10,000. The proposed settlement also includes measures to better protect the customer data that Target collects, according to documents filed with the U.S. District Court, District of Minnesota.
They're simultaneously trying to scam Canadian suppliers out of $1.5 billion in unpaid bills. They declared bankruptcy, and now they're trying to claim that they are their own biggest creditor, so all the money from their liquidation should basically go to themselves. All the while, the parent company is making billions in profit.
The irony there is that it's these same member banks that have been avoiding a crypto upgrade for over 20 years, forcing Target to manage valuable strings of numbers.
Let's play "who's more wildly negligent here?" It'll be a tough call.
Meanwhile Iceland had marketable torts 1000 years ago and Americans still allow themselves to be screwed over by the class action system.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
I think the lawyers are always the winners in these class action lawsuits. Years ago, I received a notice that I was the beneficiary of a class action lawsuit revolving around an airline ticket I had once purchased. It seemed like a gift to me because I didn't even know that I had been "damaged." So, the lawyers who brought the suit seemed to be doing me a favor.
As part of the settlement, I was to receive a coupon for a discount on a future ticket from the same airline. The coupon didn't have much face value, maybe $20. Even worse, there were a lot of restrictions on it. So, it was basically worthless.
The lawyers got paid in cash. I assume the lawyers and the defendant always structure these things to minimize the real cost to the defendant in return for maximizing the payout to the lawyers. And of course, compensating the "damaged" plaintiff doesn't really enter into it.