Caribou Coffee Company Data Breach Settlement for Financial Institutions

Settlement Structure: Claims Made

Active: Open

Case Summary:

This settlement resolves a class action against Caribou Coffee Company, Inc., Bruegger’s Enterprises, Inc., Einstein & Noah Corp., and Einstein Noah Restaurant Group, Inc. about a third-party criminal breach of Caribou’s point-of-sale systems. The breach involved malware targeting customers’ payment card information, and the settlement allows financial institutions who issued those cards to make a claim against the settlement fund. The complaint alleged negligence and violation of the Minnesota Plastic Card Security Act.

Docket Number:

0:19-cv-01640

Company: Caribou Coffee Company Inc.

Filing Deadline: December 22, 2020

Objection Deadline: October 22, 2020

Exclusion Deadline: October 22, 2020

Final Approval Hearing: December 1, 2020

Proof of Purchase:

The claim form says, “No documentation is needed.”

Eligibility:

You may be eligible if
(1) you are a financial institution, bank, credit union, or other entity in the US and its territories, and
(2) you issued Visa- or MasterCard-branded payment cards that were affected by the data breach or that were identified in the alerts from Visa or MasterCard related to the breach, including the Visa US-2018-0449 series (e.g., US-2018-0449a-PA, US-2018-0449b-PA, US-2018-0449c-PA, US-2018-0449d-IC, and US-2018-0449e-IC) or the MasterCard ADC006148-US-18 series (e.g., ADC006148- US-18-1, ADC006148-US-18-2, and ADC006148-US-18-3)

Typical Settlement Amount:

Per-card cash payment. Amount depends on the total number of cards involved and represents a share of the net settlement fund.

Total Settlement Amount: $5,816,250

Class Representative Proposed Incentive Fee:

$15,000

Law Firm:
Chestnut Cambronne

Claim Form: Caribou Coffee Company Data Breach Settlement for Financial Institutions Claim Form

Case Name: Village Bank v. Caribou Coffee Co., Inc. et al

Settlement Website: Caribou Coffee Company Data Breach Settlement for Financial Institutions Website

Claims Administrator:
Analytics, LLC

Claims Administrator Contact Information:

Caribou Financial Institution Data Breach Settlement
c/o Analytics LLC
P.O. Box 2005
Chanhassen, MN 55317-2005
info@CaribouIssuingBankSettlement.com
1-844-905-2994

Tags: Exposing Private Information, Exposure to cyber crime