Home Depot To Pay $13M To End Consumers' Breach Claims

Law360, New York (March 8, 2016, 4:41 PM EST) -- Home Depot has agreed to pay $13 million, fund identity protection services, and implement new data security measures in order to resolve a putative class of consumers' claims over its massive 2014 data breach, according to documents filed in Georgia federal court Monday.

After seven months of negotiations, the putative class of consumers moved for preliminary approval of the proposed class settlement, which if approved would resolve the consumer plaintiffs' claims against Home Depot arising from the headline-grabbing data breach that exposed tens of millions of customers' payment card numbers and other personal information.

"The court should grant preliminary approval of...

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