Home Depot Data Breach Attys’ Fees Trimmed To $7.5M
Law360, Los Angeles (August 23, 2016, 10:15 PM EDT) -- A Georgia federal judge on Tuesday granted final approval of a $13 million settlement between Home Depot and a class of consumers suing over a massive 2014 data breach and awarded attorneys’ fees of approximately $7.5 million, about $1 million less than the amount sought.
U.S. District Judge Thomas W. Thrash Jr. said the award of attorneys’ fees of about $7.54 million, expenses of approximately $166,000 and service awards of $1,000 to class representatives was fair and reasonable.
Although the consumers’ attorneys sought approval of attorneys’ fees of $8.5 million, or 1.46 times the “lodestar” calculation of reasonable fees multiplied by...
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