Subway Strikes Record $30M Deal In FACTA Receipt Suit

By Suevon Lee (March 21, 2017, 10:43 PM EDT) -- Subway has struck a nearly $31 million settlement with a putative class of customers who allege the sandwich chain unlawfully printed full credit card expiration dates on receipts, marking the largest-ever settlement under the Fair and Accurate Credit Transactions Act, according to a Florida federal court filing Tuesday.

Named plaintiff Shane Flaum motioned for preliminary approval of the $30.9 million deal with Doctor's Associates Inc., which does business as Subway, on behalf of approximately 2.6 million people whose credit or debit card information was potentially compromised by the printed receipts showing the full expiration dates of their cards.

According to the...

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