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Rite Aid FCRA Class Action Settlement In Class Action Lawsuit Over Credit Card Receipt Expiration Date Truncation

If, On Or After June 3, 2008 And Continuing Through June 18, 2009, You Made A Credit Or Debit Card Purchase From The Pharmacy Self-Service Dispenser At Rite Aid Store Number 1320, Located At 640 Montgomery Avenue, Narberth, Pennsylvania 19072 And The Electronically Printed Receipt From The Dispenser Contained The Expiration Date Of  Your Credit Or Debit Card, Your Rights May Be Affected By A Class Action Settlement.

A class action settlement has been reached in a class action lawsuit pending against Rite Aid Hdqtrs. Corp and Asteres, Inc. in the United States District Court for the Eastern District of Pennsylvania (styled Dianne Reibstein v. Rite Aid Hdqtrs. Corp and Asteres, Inc., Case No. 09-2734) alleging that Rite Aid violated 15 U.S.C. § 1681c(g), part of the federal Fair Credit Reporting Act (“FCRA”), by printing the expiration date of consumer’s credit and debit cards in the Rite Aid pharmacy self-serving dispenser located in the Rite Aid store in Narberth, Pennsylvania, according to the Rite Aid class action settlement notice.

The Rite Aid FRCA credit card receipt truncation class action lawsuit settlement reportedly provides that settlement class members include:

All persons who, on or after June 3, 2008 and continuing through June 18, 2009, made a credit card or debit card purchase from the pharmacy self-service dispenser at Rite Aid store number 1320, located at 640 Montgomery Avenue, Narberth, Pennsylvania 19072 and whose electronically printed receipt from the dispenser contained the expiration date of the person’s credit or debit card.

Under the terms of the Rite Aid class action settlement, Defendants have agreed to provide a gift card with a value of twenty dollars ($20.00) for each credit or debit card receipt provided to a member of the Settlement Class during the class period which contained the expiration date of the person’s credit or debit card.

Rite Aid settlement class members will be entitled to a $20 gift card for each and every credit card or debit card receipt provided to them during the class period as reflected by Defendants’ records.  Each gift card will be subject to the same terms and conditions as a Rite Aid standard gift card. The cards cannot be used on items excluded by law, are not redeemable for cash, and will not be replaced if lost or stolen.

The Rite Aid class action settlement also requires Defendants to pay for all administrative expenses incurred in connection with the settlement, including the costs associated with notice to Settlement Class members and administration of the settlement.

The Court is scheduled to hold a class action fairness hearing on August 31, 2010 at 9:00 a.m. in Courtroom 11A, United States Courthouse, 601 Market Street, Philadelphia, PA 19106 to determine, among other things, whether the proposed settlement should be approved as fair, adequate and reasonable.

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