If your financial institution issued payment cards that were subject to card brand alerts as a result of the 2014 Home Depot data breach, it could get a payment from a class action settlement.

摘要

1. A class action by financial institutions arising from the 2014 Home Depot data breach has been settled subject to final approval by a federal court in Atlanta. The lawsuit alleges Home Depot is legally responsible because it lacked adequate data security practices. Home Depot denies these allegations. 2. Under the settlement, $25,000,000 will be distributed to eligible financial institutions that have not released their legal rights against Home Depot. Financial institutions will get an estimated $2.00 for each alerted-on payment card without providing documentation of their losses. Financial institutions that provide documentation may get up to 60 percent of their uncompensated losses.