In 2014, a class action lawsuit was filed against Neiman Marcus as a result of a data breach in 2013 that exposed the personal data of approximately 350,000 shoppers. The data breach was the result of a hack, and caused the retailer much bad press at the time it was discovered as customers complained about fraudulent charges.
However, recently, the parties have reached a tentative settlement agreement that calls for the retailer to set up a $700,000 claims fund that class members would be able to seek payment from. If a customer can show that they shopped at Neiman, Bergdorf Goodman, Last Call, or Cusp, between July and October 2013, and that their information was part of the breach, they may be entitled to receive $100. Meanwhile, the attorneys are expected to receive approximately $900,000 in fees and costs. Despite the disparity in attorneys' fees and the class recovery, the parties expect the court to approve the settlement.