Home Depot Settles Data Breach Class Action Case with Financial Institutions and Counsel for $42.55 million

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Following its data breach in 2014, Home Depot was sued by thousands of financial institutions requesting recovery of costs associated with the issuance of new credit and debit cards to 50 million individuals affected by the breach.

last week, an Alabama federal judge approved a proposed settlement with the financial institutions for $27.25 million.

The judge also approved a request for $15.3 million in attorneys’ fees for the attorneys representing the financial institutions in the class action case.

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