David Herman reports:
Judge James Gwin has approved a class-action settlement between Sonic Corporation and a number of financial institutions. Sonic has agreed to pay $5.73 million to settle claims that their negligence led to a 2017 data breach, which compromised customers’ payment information.
Court documents recount that in 2017, Sonic suffered a data breach which exposed customers’ payment data. Numerous suits ensued from affected individuals, which were then consolidated and settled. This case is unique in that the financial institutions themselves demanded recompense for the actions they had to take to protect their customers.
Read more at Law Street Media. The consumer litigation settled in 2019.