Target Corporation may have agreed to pay up to $20,250,000 directly to credit unions and other card issuers as part of a settlement over its 2013 data breach, but new court documents indicated that payout could be about $2 million smaller.
According to the Minneapolis-based Dahl Administration, which is charged with managing the settlement payouts, Target will likely pay about $18.1 million to approximately 2,200 card issuers that filed claims by the March 22 deadline.
"Claims have been filed for 7,335,652 out of 10,943,226 identified eligible accounts, which is a 67% filing rate," Dahl reported to the court.
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