Virgil Larson of World-Herald News Service reports on the tentative approval of a settlement in the class action lawsuit against TD Ameritrade resulting from a hack in 2006 and 2007 that affected customer contact information on 6.3 million clients.
The settlement will not result in any money for class members but the lawyers get almost $2 million. Indeed, it’s not clear to me that the class members get anything at all out of this settlement. I guess we’ll have to wait and see the actual terms when the deal is approved.