The Home Depot Inc. may have to shell out $18.7 million in costs and fees to attorneys representing financial institutions in litigation over a 2014 payment card data breach that affected up to 58 million customers (In re The Home Depot Inc. Customer Data Sec. Breach Litig., N.D. Ga., No. 14-md-02583, plaintiffs’ motion for attorneys’ fees 8/23/17).
The case illustrates how the presence of related defendant payments in an administrative process outside a settlement in litigation may not be set aside when determining the total percentage recovery to which plaintiff attorneys are reasonably entitled.
Home Depot, the largest ...