$8.2M Settlement In Target-Branded Debit Cards Class Suit Granted Final Approval

Mealey's (October 27, 2020, 12:53 PM EDT) -- SAN DIEGO — A federal judge in California on Oct. 26 granted final approval of a more than $8.2 million settlement by Target Corp. in a class complaint over the retailer’s returned payment fees (RFPs) in connection with its store-branded “debit” cards but determined that the requested class counsel fees of nearly $2.5 million were “unreasonably high” and approved fees of just over $2 million (James Walters, et al. v. Target Corp., No. 16-1678, S.D. Calif., 2020 U.S. Dist. LEXIS 198765)....