Home Depot Settles Data Breach Claim

Home Depot settled a class action lawsuit based on a massive data breach involving private information of up to 56 million people who used the self-check kiosks at the company stores. According to published reports, Home Depot is paying $13 million in damages, including out of pocket expenses and substantiated losses up to $10,000 per claimant. In addition, Home Depot will pay qualified claimants up to $75 for time spent remedying any identity theft issues. Home Depot agreed to remediate with new security measures. Lastly, Home Depot agreed to pay the lawyers involved in the multi-district litigation nearly $8.5 million in legal fees and $300,000 in expenses. The settlement is unique in that it included compensation for time spent by the claimants to undo the damage.