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Join the Cybersecurity and Incident Response Group on LinkedIn$117.5M Yahoo Breach Settlement Was Reasonable, But Legal Work Was ‘Not Novel,’ Judge Koh Says | Law.com
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,’ […]
Equifax Data Breach-Related Securities Suit Settled for $149 Million | The D&O Diary
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 […]
Equifax to Pay $380.5 Million to Settle Data Breach Class Claims
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 […]
Lawyers Who Got $1.4B Equifax Data Breach Settlement Want $77M in Fees | Daily Report
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 […]
What You Should Know About the Equifax Data Breach Settlement — Krebs on Security
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 […]
Judge Denies Yahoo Privacy Data Breach Settlement
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.
Yahoo agrees to pay $50 million to settle data breach lawsuit | ZDNet
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.
Ashley Madison will pay $11.2 million to data breach victims
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 […]
What Anthem’s Settlement Reveals About Future Data Breach Suits – WSJ
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
Anthem agrees to pay record $115M to settle data breach suit – CNET
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. […]
Target to pay $18.5M for 2013 data breach that affected 41 million consumers — USA TODAY
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 […]
Lone consumer holds up Target data breach settlement | INFORUM
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 […]
Home Depot Builds a Data Breach Settlement Blueprint | Bloomberg BNA
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 […]
Home Depot settles suit on card-data breach for $20 million, security pledges
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 […]
Ashley Madison reaches $1.6 million data breach settlement — Consumer Affairs
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. […]