Tag Archives: home depot

Home Depot Settles Data Breach Class Action Case with Financial Institutions and Counsel for $42.55 million

Following its data breach in 2014, Home Depot was sued by thousands of financial institutions requesting recovery of costs associated with the issuance of new credit and debit cards to 50 million individuals affected by the breach. Last week, an Alabama federal judge approved a proposed settlement with the financial institutions for $27.25 million. The … Continue Reading

Home Depot Agrees to Settle Data Breach Shareholders’ Suit

In a surprise move late last week, Home Depot has agreed to settle a shareholders derivative suit filed against current and former members of the Board of Directors and the Chief Executive Officer and Chief Information Officer (CIO) following a massive data breach that occurred in 2014. The shareholders allege that former and current board … Continue Reading

Home Depot Settles with Financial Institutions

A federal judge has preliminarily approved a proposed settlement of $25 million between Home Depot and financial institutions that issued payment cards that were affected by the Home Depot data breach in 2014. This proposed settlement amount is in addition to the $140 million settlement with other payment card issuers such as American Express and … Continue Reading

Home Depot agrees to settle data breach class action suit for at least $19.5 million and up to $28 million including attorneys’ fees

Home Depot announced on March 7, 2016, that it is agreeing to settle claims against it for the massive data breach that occurred in 2014, affecting up to 56 million debit and credit card holders for at least $19.5 million, and up to $28 million, including attorneys’ fees and costs. The settlement includes the payment of … Continue Reading

Look for additional data breach class action cases, standing decisions and shareholders’ derivative suits in 2016

2015 was a banner year for data breaches and associated class action litigation. Toward the end of the year, class action cases were filed the same day as the notification (related post here). Based upon the data breach fallout in 2015, there is no doubt that 2016 is setting itself up to be another frenzied … Continue Reading
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