Neiman Marcus Group Ltd. has agreed to pay $1.6 million to settle a class-action lawsuit over a 2013 security breach that exposed the credit and debit card data of about 350,000 shoppers.
Court documents show the Dallas-based luxury retailer filed the settlement agreement Friday seeking approval from a federal judge in Chicago, where the lawsuit was filed in March 2014.
Neiman Marcus has said its credit card processor notified the retailer in mid-December 2013 about a breach involving some in-store purchases. Thieves stole some customer payment information and made unauthorized charges.
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Neiman Marcus announced the breach in January 2014. Some customers sued, alleging negligence.
Company spokeswoman Ginger Reeder declined comment Tuesday on the ongoing litigation.