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Schnucks Supermarket Agrees To $1.6 Million Settlement Over Data Breach

Schnucks Market has agreed to settle a class-action lawsuit after a data breach affected 2.4 million consumers. Terms of the proposed settlement require the retailer to pay:

"... up to $10 to customers for each credit or debit card that was compromised and had fraudulent charges posted on it... Schnucks also would pay customers for certain unreimbursed out-of-pocket expenses such as bank, overdraft and late fees... There would be a cap on these expenses of up to $175 per class member... Schnucks would pay: up to $10,000 for each related identity theft loss, with the total capped at $300,000; up to $635,000 for the plaintiff and settlement attorney’s fees; and $500 to each of the nine named plaintiffs in the lawsuit."

The settlement must be approved by the court. The March 2013 data breach had affected about 2.4 million debit- and credit cardholders in several states.

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