Home Depot Settles Data Breach Suits With Banks for $27 Million
Atlanta-based home improvement chain The Home Depot will pay $27.25 million to settle multidistrict litigation brought by the nations' financial institutions following a massive data breach in 2014 that impacted more than 56 million Home Depot customers. Friday's settlement brings Home Depot's total payout associated with the hack to $85 million.
September 26, 2017 at 08:29 AM
4 minute read
Atlanta-based home improvement chain The Home Depot will pay $27.25 million to settle multidistrict litigation brought by financial institutions following a massive data breach in 2014 that impacted more than 56 million Home Depot customers.
In approving the settlement agreement on Friday, U.S. District Chief Judge Thomas Thrash Jr. also ordered Home Depot to pay an additional $15.3 million in legal fees and $710,000 in expenses to attorneys representing the plaintiff financial institutions.
Home Depot had objected to the original request for $18 million in legal fees, contending the plaintiffs' lawyer should receive no more than $5 million—an argument that Thrash largely rejected.
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