Tuesday October 20, 2015

Sony's $8M Settlement With Employees Over Hacked Data

Sony's settlement with employees is fantastic....if you were one of the lawyers working the case. Everyone else is getting peanuts and credit monitoring.

The proposed deal contemplates a $2 million cash fund to reimburse class members up to $1,000 each for preventive measures taken to protect against identity theft. Meanwhile, the class action lawyers who represented the plaintiffs would be getting almost $3.5 million. In addition to those firm cash payments, under the terms of the deal, Sony would be providing identity protection services to ex-employees for two years through a third party called AllClear ID.

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