Sears Settles Lawsuit With Former Cardholders

Share this content:
As many as 2.3 million former Sears credit cardholders will receive discount coupons from Sears Holdings Corp. under a settlement filed by the retailer, according to several published reports Friday.


The settlement pertains to a lawsuit brought by former Sears credit cardholders that accuses Hoffman Estates, IL-based Sears of violating the Fair Credit Reporting Act by pulling credit data when there was no permissible purpose, according to the reports. Their source was the settlement filed Aug. 16 in federal court in Riverside, CA.


Sears will give discount coupons of $10 to $15 to individuals whose credit data the retailer retrieved after it had closed and sold their accounts, the reports said. The filing reportedly indicates that as many as 2.3 million people may be entitled to participate in the settlement.


A spokesman for Sears told reporters that the company settled to avoid costs of further litigation and admitted no wrongdoing.


The settlement involves individuals with Sears accounts that were closed and sold to collection agencies between Oct. 1, 2002, and May 31, 2003, and whose credit information the retailer obtained.


Chantal Todé covers catalog and retail news and BTB marketing for DM News and DM News.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above