Home Depot Breach Case Shows 'Cash-Plus' Deals Are Key

By Allison Grande (March 9, 2016, 10:20 PM EST) -- Home Depot recently agreed to boost its data security practices and fund identity theft services in addition to paying $13 million to settle putative consumer class claims over its massive 2014 data breach, a model that attorneys say is likely to catch on as a popular way to address the difficulties with quantifying harm for data losses.

In a motion filed Monday, a putative class of consumers notified the court that it had struck a "cash-plus" deal with Home Depot Inc. that requires the retailer to establish a $13 million settlement fund to compensate consumers for out-of-pocket losses or unreimbursed expenses...

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