Home Depot Will Pay $13M to Settle Data Breach Class Action

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After seven months of negotiations, Home Depot has agreed to pay $13 million to settle the class action lawsuits that followed a massive data breach in 2014.

The $13 million settlement fund is expected to compensate Class Members for out-of-pocket expenses, unreimbursed charges, and time spent trying to fix issues related to the data beach.

In addition to financial compensation, Home Depot agreed to pay for 18 months of identity protection for all Class Members who had their payment card information stolen.

According to court documents, there are nearly 40 million Class Members throughout the U.S. who were affected by the Home Depot data breach and will be eligible for compensation, once the settlement is approved.

“The Court should grant preliminary approval of the proposed Settlement because it addresses the reasonable objectives of the litigation without the uncertainties Class Members would otherwise face in continued litigation,” the plaintiffs state.

Numerous class action lawsuits were filed following Home Depot’s announcement that its payment systems were breached between April and September 2014.

Through an internal investigation, it was revealed that hackers were able to install malware on Home Depot self-checkout terminals which helped them steal customers’ personally identifiable information (PII), including names, addresses, phone numbers, email addresses as well as credit and debit card information.

The hackers then took the stolen information and sold it over the internet allowing criminals to make fraudulent purchases and commit other forms of fraud, according to the plaintiffs.

The separate Home Depot class action lawsuits were eventually grouped into a multidistrict litigation.

Home Depot faced accusations of data breach notification violations in 28 jurisdictions, violations of consumer laws in 51 U.S. jurisdictions, as well as common law claims including negligence, breach of implied contract, and unjust enrichment.

If the court approves the Home Depot class action settlement, it will be open to all U.S. Class Members whose personal information was compromised as a result of the 2014 data breach.

More information about the Home Depot class action settlement was not immediately available. Keep checking TopClassActions.com or sign up for our free newsletter for the latest updates. You can also mark this article as a “Favorite” using your free Top Class Actions account to receive notifications when this article is updated.

The plaintiffs are represented by co-lead counsel David J. Worley and James M. Evangelista of Harris Penn Lowry LLP, John A. Yanchunis Sr. of Morgan & Morgan Complex Litigation Group, and Norman E. Siegel and Barrett J. Vahle of Steve Siegel Hanson LLP; consumer liaison counsel Roy E. Barnes and John R. Bevis of The Barnes Law Group LLC; and steering committee members from Ahdoot and Wolfs PC, Girard Gibbs LLP, Lederman & Sherwood, Kantrowitz Goldhamer & Graifman PC and Stull Stull & Brody.

The Home Depot Data Breach Class Action Lawsuit Settlement is In Re: The Home Depot Inc., Customer Data Security Breach Litigation, Case No. 1:14-md-02583, in the U.S. District Court for the Northern District of Georgia.

UPDATE: The Home Depot Data Breach Class Action Settlement is now open! Click here to file a claim or visit www.HomeDepotBreachSettlement.com for more details.

UPDATE 2: On April 3, 2017, Top Class Actions viewerswho filed valid claimsfor the Home Depot data breach class action settlement started receiving checks worth as much as $5,780!UPDATE 3: On Oct. 30, 2017, Top Class Actions viewers started receiving checks, some of which exceed $8,000, in a

 second distribution of payments from a Home Depot data breach class action settlement.