Home Depot Settles Investor Suit Over Data Breach

Law360, Los Angeles (April 28, 2017, 10:19 PM EDT) -- Investors in The Home Depot Inc. struck a deal to end their shareholder derivative suit against members of the retailer's board of directors over a 2014 customer data breach, according to a proposed settlement filed in Georgia federal court Friday.

The shareholders who'd accused current and former members of the board of breaching their duty of loyalty to the home improvement retailer by not preventing or immediately remedying the data breach agreed to a series of policy reforms to close out the suit just months after the investors had lodged an appeal in the Eleventh Circuit, according to the docket....

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