Countrywide Identity Theft Class Settles For $6.5M

Law360, New York (December 23, 2009, 2:42 PM EST) -- A federal judge has certified a class of plaintiffs and preliminarily approved a $6.5 million settlement agreement between Countrywide Financial Corp. and up to 17 million customers whose personal information may have been accessed in a 2008 data breach.

Citing the uncertainties inherent in identity theft litigation and the paucity of case law on the subject, Judge Thomas Russell of the U.S. District Court for the Western District of Kentucky on Tuesday overruled the objections of certain plaintiffs in granting preliminary approval to a settlement deal...
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