Possible settlement reached in Schnucks computer breach lawsuit
ST. LOUIS, MO (KTVI) – There could be a settlement in the huge Schnucks hacking case where an estimated 2.4 million payment cards used at Schnucks stores could have been compromised.
But not everyone is happy about it.
Under the proposed deal, Schnucks would pay up to $10 to customers for each credit or debit card that had fraudulent charges on it, which were later credited or reversed.
The supermarket chain would also pay customers for unreimbursed out-of-pocket-expenses like bank fees.
Those payments would max out at $175 per class member.
That’s not all.
Schnucks would pay up to $10,000 for each related identify theft loss, but that would be capped at $300,000.
The store would also dish out $635,000 in attorney fees and $500 to each of the nine plaintiffs in this suit.
Schnucks has agreed to the deal, which was heard Wednesday before St. Louis circuit court judge David Dowd.
But some aren’t happy, including a lawyer representing someone in a federal case against Schnucks.
That attorney, Matt Armstrong, argued this deal might release Schnucks from claims which could hold the chain responsible for as much as $1,000 per violation.
Schnucks denies any wrongdoing in the proposal.
Dowd is expected to rule in the coming weeks.