The $19.5 million settlement Home Depot Inc. was able to reach in connection with its massive 2014 data breach was relatively low, which can be attributed to the difficulty plaintiffs in many related cases have had in successfully claiming damages, say experts.
Atlanta-based Home Depot announced last week that it will set up a $13 million fund to reimburse shoppers for out-of-pocket losses and spend at least $6.5 million to fund one-and-a-half years of cardholder identity protection services, according to court papers filed March 7 with the U.S. District Court in Atlanta.
