Target reaches $10M settlement in data breach lawsuit

The Target logo is seen on the front of a Target store on Nov. 7, 2007 in Mechanicsburg, Pa. (AP Photo/Carolyn Kaster)

Target has reached a $10 million settlement in a class action lawsuit stemming from last year's data breach.

Court documents say that any customer who can prove they suffered a loss as a result of the data breach would be eligible to be reimbursed up to $10,000.

Losses include time wasted dealing with unauthorized charges or getting new credit cards.

There will be a hearing in federal court in St. Paul, Minn. Thursday morning.
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