Judge Approves $1.38 Billion Settlement in Equifax Data Breach Lawsuit

    Private: Amanda Doran

    On January 13, 2020, a judge in the U.S. District Court for the Northern District of Georgia issued a Final Order in the matter of Equifax, Inc., Customer Data Security Breach Litigation.

    The Order gives final approval to a July 2019 proposed settlement under which Equifax agreed to pay at least $1.38 billion, which includes $1 billion in data security upgrades, a $380.5 million settlement fund, $77.5 million in attorneys’ fees, $1.4 million in reimbursement costs, and up to $125 million in out-of-pocket losses.

    Read more at Bank Info Security

    Read the Proposed Settlement.

    View a related article: Equifax Agrees to $1.38 Billion Data Breach Settlement

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