While Michaels Stores continues to investigate whether they suffered a security breach involving customer card payment data – a breach they’ve already been sued over even though the breach hasn’t even been confirmed – they may have resolved another headache. Anne Bucher reports:
On Wednesday, a Massachusetts federal judge preliminarily approved an $875,000 class action settlement that would resolve claims that Michaels Stores Inc. improperly asked its customers to provide their ZIP code information during point of sale transactions.
The Michaels ZIP code settlement will resolve a class action lawsuit that alleged Michaels used the ZIP code information to allow the craft retailer to “reverse engineer” its customers’ addresses in violation of Massachusetts law. The class action lawsuit was filed in 2011 and asserted claims for unjust enrichment and violations of the Massachusetts Unfair Trade Practices Act.
Read more on Top Class Actions.