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<b><i>Online Extra:</b></i> Sony Settles Suit Over Hacked Data

BY Cheryl Miller
November 02, 2015

Sony Pictures Entertainment Inc. will pay up to $8 million, including $3.5 million in attorney fees, to settle claims tied to the infamous 2014 hacking scandal, according to proposed terms filed last month in the U.S. District Court for the Central District of California.

Attorneys representing a proposed class of current and former Sony employees say the entertainment conglomerate has agreed to create a $2 million fund to reimburse settlement class members for costs they've incurred to shield themselves from identity theft. Sony will also pay for two years of identity-protection services for class members plus an additional $2.5 million to victims who have suffered losses tied to the data breach.

Class counsel will also receive fees of up to $3.49 million under the terms of the deal.

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