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Browse: Home / Settlements

Settlements

$117.5M Yahoo Breach Settlement Was Reasonable, But Legal Work Was ‘Not Novel,’ Judge Koh Says | Law.com

By Securities Docket on July 23, 2020, 6:15 pm

U.S. District Judge Lucy Koh signed off on the $117.5 million data breach settlement with Yahoo Inc. on Tuesday, but she slashed attorney fees by more than $7 million after concluding the deal was “unexceptional” and the legal work “not particularly novel.” via $117.5M Yahoo Breach Settlement Was Reasonable, But Legal Work Was ‘Not Novel,’ […]

Posted in Data Breach, Top | Tagged Settlements

Equifax Data Breach-Related Securities Suit Settled for $149 Million | The D&O Diary

By Securities Docket on February 18, 2020, 8:53 am

Over the last several years, plaintiffs’ lawyers have filed a number of D&O lawsuits against companies that had been hit with a cybersecurity incident. These suits have largely been unsuccessful, with the exception of the lawsuits filed against Yahoo in the wake of that company’s data breach. While the plaintiffs’ track record in data breach-related […]

Posted in Data Breach, Top | Tagged Equifax, Settlements

Equifax to Pay $380.5 Million to Settle Data Breach Class Claims

By Securities Docket on January 15, 2020, 9:35 am

Equifax Inc. will pay $380.5 million to resolve allegations stemming from a 2017 data breach under an agreement approved by the Northern District of Georgia. The settlement class consists of approximately 147 million U.S. consumers identified by Equifax whose personal information was compromised as a result of the cyberattack and data breach the company announced […]

Posted in Data Breach, Top | Tagged Settlements

Lawyers Who Got $1.4B Equifax Data Breach Settlement Want $77M in Fees | Daily Report

By Securities Docket on October 31, 2019, 2:21 pm

Plaintiffs lawyers who obtained a $1.4 billion class action settlement with Equifax over its massive data breach have asked a federal judge to approve more than $77.5 million in attorney fees to them. In a Tuesday motion, lawyers from 13 firms appointed to the multidistrict litigation said their fee request, originally disclosed in the settlement’s […]

Posted in Data Breach, Top | Tagged Settlements

What You Should Know About the Equifax Data Breach Settlement — Krebs on Security

By Securities Docket on July 23, 2019, 11:11 am

Big-three credit bureau Equifax has reportedly agreed to pay at least $650 million to settle lawsuits stemming from a 2017 breach that let intruders steal personal and financial data on roughly 148 million Americans. Here’s a brief primer that attempts to break down what this settlement means for you, and what it says about the […]

Posted in Top | Tagged Equifax, Settlements

Judge Denies Yahoo Privacy Data Breach Settlement

By Securities Docket on January 29, 2019, 8:40 am

A federal judge denied approval of a settlement in the Yahoo data breach class action on Monday, saying Yahoo’s refusal to disclose the total amount to be paid out to those affected by the largest data breach in history renders it insufficient. via Judge Denies Yahoo Privacy Data Breach Settlement.

Posted in Top | Tagged Settlements

Yahoo agrees to pay $50 million to settle data breach lawsuit | ZDNet

By Securities Docket on October 25, 2018, 9:08 am

Yahoo must pay $50 million in damages to victims of one of the largest data breaches on record. On Monday, a settlement was filed with the United States District Court in California which laid to rest the two-year-old lawsuit. via Yahoo agrees to pay $50 million to settle data breach lawsuit | ZDNet.

Posted in Data Breach | Tagged Settlements

Ashley Madison will pay $11.2 million to data breach victims

By Securities Docket on July 17, 2017, 10:33 am

Ashley Madison is still picking up the pieces two years after the massive data breach that exposed millions of users information. The parent company of the cheat-on-your-spouse website continues to deny any wrongdoing, but it has agreed to settle the preliminary class-action lawsuit filed on behalf of 37 million users whose personal details were dumped […]

Posted in Data Breach, Top | Tagged Ashley Madison, Settlements

What Anthem’s Settlement Reveals About Future Data Breach Suits – WSJ

By Securities Docket on July 3, 2017, 11:23 am

The settlement in the case regarding health insurer Anthem Inc. could make it possible for plaintiffs in future class action cases involving data breaches to argue they were harmed as a result of their personal information being stolen or exposed. via What Anthem’s Settlement Reveals About Future Data Breach Suits – WSJ

Posted in Data Breach, Top | Tagged Settlements

Anthem agrees to pay record $115M to settle data breach suit – CNET

By Securities Docket on June 26, 2017, 10:26 am

Anthem, the largest health insurance company in the US, has agreed to settle a class action lawsuit over a 2015 data breach for a record $115 million. The settlement still has to be approved by US District Court Judge Lucy Koh, who is scheduled to hear the case on August 17 in San Jose, California. […]

Posted in Data Breach, Top | Tagged Settlements

Target to pay $18.5M for 2013 data breach that affected 41 million consumers — USA TODAY

By Securities Docket on May 24, 2017, 9:13 am

Retail giant Target will pay an $18.5 million multistate settlement, the largest ever for a data breach, to resolve state investigations of the 2013 cyber attack that affected more than 41 million of the company’s customer payment card accounts. Announced Tuesday by 47 states and the District of Columbia, the agreement sets new industry standards for […]

Posted in Data Breach, Top | Tagged Settlements

Lone consumer holds up Target data breach settlement | INFORUM

By Securities Docket on May 22, 2017, 9:25 am

In late 2015, Target agreed to a compensation plan for affected consumers with a pool of $10 million available. But consumers have yet to see a dime because of a sole objection. One man stands in the way. Leif Olson, a Texas resident, has been able to block court approval of the plan. He’s represented […]

Posted in Data Breach, Top | Tagged Settlements, Target

Home Depot Builds a Data Breach Settlement Blueprint | Bloomberg BNA

By Securities Docket on May 4, 2017, 9:06 am

The Home Depot Inc.’s proposed settlement of shareholder derivative claims stemming from a massive payment card breach may be a good corporate security governance improvement blueprint for other companies ( In re The Home Depot Inc. S’holder Derivative Litig. , N.D. Ga., No. 15-cv-02999, proposed settlement filed 4/28/17 ). via Home Depot Builds a Data […]

Posted in Data Breach, Top | Tagged Settlements

Home Depot settles suit on card-data breach for $20 million, security pledges

By Securities Docket on March 10, 2017, 10:28 am

Home Depot, the hardware retail giant that was robbed of the payment card details of 40 million customers in 2014, has settled a class action consumer lawsuit, agreeing to pay $13 million in cash compensation, spend $6.5 million on ID theft protection and adopt a series of measures to tighten its security. via Home Depot settles […]

Posted in Data Breach, Top | Tagged Settlements

Ashley Madison reaches $1.6 million data breach settlement — Consumer Affairs

By Securities Docket on December 15, 2016, 12:00 pm

The 2015 data breach at AshleyMadison.com, which caused widespread embarrassment and perhaps even some marital stress, is the subject of a $1.6 million settlement. The Toronto-based company, which at the time had the marketing slogan “life is short, have an affair,” has agreed to a settlement with the U.S. Federal Trade Commission and 13 states. […]

Posted in Data Breach, Top | Tagged Ashley Madison, Settlements

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