Performance Bicycle Shop Settles ZIP Code Collection Suit

Law360, Los Angeles (August 6, 2013, 2:27 PM EDT) -- A California federal judge on Monday preliminarily approved a settlement agreement between Performance Bicycle Shop, a major U.S. bicycle product retailer, and a class of consumers who claim the company improperly requested and recorded their ZIP codes during credit card transactions.

In a 10-page order, U.S. Magistrate Judge Elizabeth D. Laporte gave the initial green light to the deal, which calls for each putative class member to receive a $10 voucher that can be applied in a single transaction toward the purchase price of merchandise at...
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