We have followed the Neiman Marcus case from the moment the data breach was announced [view related posts here, here, and here]. After winding through the judicial system, Neiman Marcus has agreed to settle, and the plaintiffs have requested that the Judge approve the proposed settlement, reached after mediation proceedings.

The settlement includes a payment of up to $100 to each class member who submits a valid claim (there are potentially 350,000 class members), $2500 for each class representative for their “service,” and up to $530,000 in attorneys’ fees and costs to the plaintiffs’ attorneys.