Class Actions Blog

Posts Tagged ‘Home Depot’

Home Depot agrees to pay $25 million to settle data breach claims

Posted on: March 15th, 2017 by Steve Larson

According to a Motion for Preliminary Approval filed in a Georgia federal court, Home Depot has agreed to pay $25 million and strengthen its data security practices to resolve a putative class action brought by financial institutions after a 2014 data breach that compromised 56 million credit and debit card numbers. It is reported that financial institutions that file a valid claim will be eligible to receive a fixed payment estimated to be $2 per compromised card. Financial Institutions that submit specific proof of losses may also be eligible for a supplemental award of up to 60% of their documented losses.

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Home Depot settles data breach class action suit for $19.5 million

Posted on: March 23rd, 2016 by Steve Larson

Data SecurityHome Depot agreed to pay $19.5 million to settle claims of consumers impacted by a 2014 data breach.  The data breach was alleged to have involved more than 50 million cardholders.

Under the proposed settlement terms, the home improvement retailer will set up a $13 million fund to reimburse shoppers for out-of-pocket losses, and spend at least $6.5 million to fund 1-1/2 years of cardholder identity protection services.  Home Depot also agreed to improve data security over a two-year period, and hire a chief information security officer to oversee its progress. If the settlement is approved, Home Depot will pay the attorney fees and costs for the class.  Read more…

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Home Depot data breach second largest on record

Posted on: September 19th, 2014 by Steve Larson

Data SecurityHome Depot has said that the payment data breach that was first announced earlier this month may have affected 56 million cards, making it larger than the attack last year on Target.  Home Depot claimed that the malware has been eliminated from its systems, but investigations have been launched by attorneys general in multiple states.

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Home Depot credit card data hacked

Posted on: September 4th, 2014 by Steve Larson

Data SecurityHome Depot credit card data has been found on black market sites.  Some suggest that Russian or Ukrainian hackers may be responsible.  The breach may have occurred as early as the spring of this year. Read more…

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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