Slashdot Mirror
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.
CNN Money goes to more detail on how the money will be distributed.
http://money.cnn.com/2015/03/19/technology/security/target-data-hack-settlement/
(tldr -- lawyers are the winners)
it called Google :
http://www.theglobeandmail.com/report-on-business/target-lands-16-billion-tax-break-as-creditors-fight-for-payback/article23528282/
They even have a button for when you feel lucky!
The math doesn't work out. I guess that judge is a Republican since their kind can't do math.
Lol 'since their' i think you mean 'sense there'. Whom is the stupid one?
You are.
Captcha: educates
$10,000,000 settlement / 100,000,000 plaintiffs = $0.10 per plaintiff.
What, you think the lawyers working on this class action don't deserve to get paid?!?!?!?
40 million customer credit cards exposed, 70 million customer records containing PII exposed. 10 million dollar settlement over a year later? This is a joke, and a good reason to not bother with security.
Chump change. Just the cost of doing (sloppy) business these days.
DaveyJJ
for those of you negatively impacted by the data breech, for those who had to reissue credit cards and dispute tax returns and refute car loans and social security applications, get ready for a $5 target giftcard to salve those wounds.
Good people go to bed earlier.
The irony there is that it's these same member banks that have been avoiding a crypto upgrade for over 20 years, forcing Target to manage valuable strings of numbers.
Let's play "who's more wildly negligent here?" It'll be a tough call.
Meanwhile Iceland had marketable torts 1000 years ago and Americans still allow themselves to be screwed over by the class action system.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
the lawyers will make out like bandits, but the victims will most likely get a 10% off coupon.
Do not look at laser with remaining good eye.
When a class action suit is settled, if you are a member of the class then you should receive a letter asking if you want to opt in to the class. If not, then you don't get the money and are free to take it to court yourself. Opting out then turning up in a small claims court with a class action result and evidence of the value of your losses should get you a few hundred dollars fairly easily. If enough people do this, then it will discourage companies from offering too low settlements for class action suits. The cost for them to send someone to defend is sufficiently high that it's probably not worth it and small claims courts have a habit of ruling against people who don't turn up...
I am TheRaven on Soylent News
So, 110 million people affected, up to 10,000 payment per person, and a total fine of 10 million. So you run out of funds after 1 thousand people get their full amount, which leaves 109,999,000 people with nothing. As others have pointed out, splitting it evenly give everyone a dime, if there are no lawyer fees. No wonder big companies don't care about online security, it only costs them pennies per person affected, literally.
What gets me is that they're declaring bankruptcy in Canada as a separate entity (meaning the parent corp isn't liable) whilst the parent corp in the USA is simultaneously declaring a loss for tax purposes as losses from that same bankruptcy. So really, both Canadians *AND* Americans are getting f***'ed here.
Their compromised check outs ripped off a huge number of people.
http://www.acetonestudio.com
I hate how much the McDonalds lawsuit is used to debase the legal system as frivolous "jackpot justice"
Her jury award was 2.7 million. The judge reduced it to 640k, but the parties settled rather than appealing more, presumably for less than 640k. The coffee WAS way too hot. 40 degrees (f) above industry standard, so hot it could cause 3rd degree burns in 2 seconds.
This case is trotted out as an example of how the little guy keeps the poor multi-billion dollar corporations at bay using frivolous lawsuits, when really it should be an example of how even when everyone agrees on the facts, even when the law is on the little guy's side, the corporation will bend them over and at the very least get more positive publicity than their piddly settlement money could possibly buy.
This is the story of how McDonalds nearly killed a woman, she sued begrudgingly because she couldn't afford her medical bills, she won, and somehow McDonalds is the victim.
Does that actually work though? As part of the settlement the defendant almost never admits to anything. That means you can't just staple the settlement to the back of your prayer for relief and expect it to stand on its own.
The coffee WAS way too hot. 40 degrees (f) above industry standard
The facts of the case state it was between 180-190F.
-This is the minimum temperature coffee is brewed at. Most consider the ideal to be at or just over 200F.
-Starbucks has served me coffee, this year, right as it was brewed at 200F, without me asking for it hot.
-The large print that almost every place now has declaring that COFFEE IS HOT is FUCKING STUPID, and can be traced directly to this stupid case.
This is the story of how McDonalds nearly killed a woman
SHE spilled the coffee, not McDonalds. Hot liquids can be dangerous. A 79 year old woman should know this. It isn't McDonald's job to educate her on this.
she sued begrudgingly because she couldn't afford her medical bills
Her estimate of past and future medical bills was $20,000 for her mistake. McDonald's offered $800, because it wasn't their fault.
Less that $640,000 for $20,000 in medical bills that were her fault is exactly the type of stuff that makes people upset.
To be clear: I hate McDonald's: They have unhealthy food, pay their employees slave wages, and from what I've witnessed when I was a customer years ago, they treat their employees like shit. There are a lot of reasons they should be penalized, but coffee served at coffee temperatures isn't one of them.
Grammer Nazis - I mod you "troll" unless you actually add something on-topic. Yes, I know I have mispellings in my sig.
They don't admit to anything, but the fact that they're willing to pay to make the lawsuit go away counts for something. Precedent doesn't usually apply in a small claims court anyway (and magistrates tend to get a bit cranky with anyone trying to be a lawyer in one).
I am TheRaven on Soylent News