More than 15 million T-Mobile Inc. customers will share $22 million from Experian Plc to end class claims resulting from a data breach three years ago.
As part of the settlement, Experian also will provide at least two years of credit monitoring to affected class members, reimbursement insurance for identity theft losses, and other online protection programs. The parties placed the cost of these added benefits at $11.7 million, according to the agreement.
The settlement shows what may be in store for Equifax Inc., and the litigation risks facing credit reporting bureaus that don’t shore up protections for the most...
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