Schnuck Markets has agreed to a proposed class-action settlement stemming from the breach of its computer systems in which an estimated 2.4 million payment cards were compromised. A St. Louis Circuit judge still needs to approve the deal, in which Schnucks denies wrongdoing but would 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 unreimbursed out-of-pocket expenses such as bank, overdraft and late fees as well as up to three hours for documented time spent dealing with the security breach.
The aggregate cap that Schnucks would pay on the above claims would be $1.6 million. Schnucks would pay up to $10,000 for each related identity theft loss, with the total capped at $300,000. The customers who sued the grocery chain based in Maryland Heights claim that Schnucks failed to secure customers’ personal financial data and did not notify them in a clear and timely manner that their information had been stolen.