A preliminary settlement has been reached in a class-action lawsuit filed against Schnucks by consumers whose bank and credit accounts were compromised after shopping at Schnucks grocery stores between December and March.
A St. Louis Circuit Judge issued the preliminary settlement Wednesday that would call for Schnucks to pay up to $10 to customers for each credit or debit account that was compromised. The preliminary settlement stipulates cash payments not to exceed $175 for any unreimbursed bank fees, card reissuance fees, overdraft fees and late fees.
According to an official statement released by the Maryland Heights, Mo.-based grocery store chain, terms of the deal will be announced once the court approves it: "Under the terms of the settlement agreement now pending court approval, certain eligible customers who used their credit or debit cards at Schnucks will be entitled to submit claims seeking certain compensation. Once approved by the court and final, notice of the settlement and its terms will be shared publicly through the media, along with information on who is entitled to file a claim and how to seek compensation."
An estimated 2.4 million consumers who had shopped at 79 of Schnucks' 100 stores throughout the Midwest between Dec. 10 and March 29 had their credit and debit accounts compromised when hackers obtained their card numbers and expiration dates. Some of those customers had thousands of dollars taken from their accounts.
Contact reporter Will Buss at email@example.com or 618-239-2526.