Target-MasterCard settlement moves ahead despite US judge’s doubts

Joseph Ax and Nathan Layne report:

A federal judge has rejected a bid from a group of banks and credit unions suing Target Corp over its 2013 data breach to block the company’s proposed $19 million settlement with MasterCard Inc .

U.S. District Judge Paul Magnuson in St. Paul, Minnesota, wrote in a ruling Thursday that the deal does not appear “altogether fair or reasonable” but he could not legally intervene without evidence that Target or MasterCard had made misleading or coercive statements.

Read more on Reuters.

About the author: Dissent