Schnucks Markets has agreed to a proposed class-action settlement stemming from the computer systems breach where millions of customers debit or credit cards were compromised. Under the proposed settlement, Schnucks would pay up to ten-dollars to those customers whose cards were compromised, and had fraudulent charges posted.
The grocery store will also pay those affected for certain un-reimbursed out-of-pocket expenses such as bank, overdraft and late-fees. The cap the company agreed to shell-out on the claims is one-point-six-million-dollars. Schnucks is denying any wrongdoing in the deal. A St. Louis circuit court judge heard the deal this week, and is expected to rule in the coming weeks.