Home Depot Settles Data Breach Case for $25M

As reported by Law360, the home improvement retailer, Home Depot, agreed to pay $25 million to settle a class action involving a data breach that jeopardized the personal and financial information of 56 million credit and debit card holders. Zimmerman Reed represents financial institutions that will now qualify to recover financial losses in addressing and remediating this breach on behalf of their customers. The settlement also requires Home Depot to implement a system to strengthen its data security practices and reduce any future risks.