Bloomberg Law
Aug. 24, 2017, 8:03 PM

Attorneys Seek Bounty in $27.3M Home Depot Bank Data Breach Pact

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 ...

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