U.S. District Court grants preliminary approval of Wendy’s lawsuit settlement
FOR IMMEDIATE RELEASE
Washington, DC (March 1, 2019) — The U.S. District Court for the Western District of Pennsylvania granted preliminary approval of a proposed settlement in the First Choice Federal Credit Union v. The Wendy’s Company, a data breach lawsuit brought by Credit Union National Association (CUNA), Leagues, and credit unions affected by the data breach, on February 26, 2019.
The lawsuit stems from a 2016 data breach at select Wendy’s franchise location and a proposed settlement was submitted to the court February 13. Under the settlement, financial institutions have until September 30, 2019 to file claims. Valid claims will be paid based on the total number of alerted on cards related to this breach.
Under the terms of the proposed settlement:
- Wendy’s will pay $50 million into a fund to compensate financial institutions that issued payment cards that were alerted on cards in connection with the data breach;
- Wendy’s will adopt and/or maintain certain data security measures; and
- Financial institutions will be able to file claims for reimbursement without requiring supporting documentation.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.