Vedder Thinking | News Michael Waters Discusses Target’s $10M Data Breach Settlement with Law360
March 20, 2015
Michael J. Waters, Vedder Price Shareholder in the Litigation group, was quoted in the March 19 Law360 article titled "Target’s $10M Breach Settlement Sets Affordable Standard." The piece examines Target's proposed settlement of a class action related to its 2013 data breach, including commentary on the appropriateness of the settlement amount.
Mr. Waters comments, "Although the court rejected Target's motion to dismiss, at the end of the day the issue of whether many members of the class could demonstrate that they suffered damages as a result of the breach is still out there, and it's a factor that both plaintiffs and defense counsel could have pointed to as justification for not having a larger settlement payout."
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