- SEC Investigates Herbalife Pyramid Scheme Allegations by Hedge FundPosted 1 year ago
- Report Says 20% of Companies Manage EarningsPosted 2 years ago
- FDA Scrutinizes L’Oreal Over Anti-Aging CreamsPosted 2 years ago
Kohl’s ZIP Code Class Action Settlement Approved
Kohl’s received approval to settle a class action lawsuit that alleges the company violated the Song-Beverly Credit Card Act, a California law that forbids retailers from requesting personally identifying information, including ZIP codes, from customers during credit card transactions.
Plaintiffs contend that they provided their ZIP codes to store clerks upon request because they believed it was necessary to complete a transaction. Pursuant to the settlement, more than 1,000 Kohl’s customers who provided ZIP codes during credit card transactions will receive gift cards worth approximately $500.
The Kohl’s settlement payout, a $500 give card, is higher than payouts for similar class actions involving violations of the Song-Beverly Credit Card Act against major retailers such as Crate & Barrel.
If you would like additional information on the Kohl’s settlement or other news, please click the green button below and fill out the form.