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U.S. District Judge Ada Brown in Dallas has preliminarily approved a $177M settlement for lawsuits brought against AT&T (NYSE:T) for the 2024 data breaches that exposed personal information of tens of millions of customers, according to Reuters on Friday.
The judge ruled that the settlement for the class action was “fair and reasonable,” which is expected to resolve claims over data breaches that AT&T announced in May and July last year.
Depending on which breach is involved, the U.S. telecom agreed to pay up to $2,500 or $5,000 to customers who suffered losses that are “fairly traceable” to the incidents, the report said. After payments are made for direct losses, the remaining funds will be distributed to customers whose personal information was accessed.
In one of the breaches, data of about 109M customers were illegally downloaded, the report said. The telecom disclosed that its call logs were copied from its workspace on a Snowflake (SNOW) cloud platform, covering about six months of customer call and text data from 2022 from nearly all its customers.