The company will pay a total of up to $1.6 million (€1.2 million) to victims

Oct 24, 2013 14:13 GMT  ·  By

Earlier this year, the Schnucks supermarket chain suffered a data breach that resulted in the details of 2.4 million payment cards being stolen by cybercriminals. Several lawsuits followed, including one by insurance company Liberty Mutual.

Now, according to the St. Louis Business Journal, the company has agreed to a proposed settlement.

Schnucks has agreed to pay $10 (€7.5) for each of the compromised credit cards that had been used to make fraudulent transactions. The supermarket will also pay $10 (€7.5) per hour – up to three hours – for documented time spent by victims dealing with the data breach, and for other out-of-pocket expenses.

The cap for each victim is $175 (€126), the total being up to $1.6 million (€1.2 million).

Each of the nine plaintiffs will get $500 (€362). In addition, Schnucks has agreed to pay up to $10,000 (€7,500) for each identity case, and as much as $635,000 (€460,000) for attorney fees.

A judge is expected to rule on the settlement in the upcoming weeks.