Target agrees to pay $10 million to settle lawsuit from data breach - CBS

Target Corp has agreed to pay $10 million (7 million pounds) in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach, CBS News reported on Wednesday, citing a company spokeswoman. The proposal, which requires federal court approval, would create an account to pay individual victims up to $10,000 in damages, the network cited court documents as saying. "We are pleased to see the process moving forward and look forward to its resolution," CBS News quoted Tar