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Court approves first-of-its-kind data breach settlement

Jaikumar Vijayan | March 18, 2014
Courts have generally tended to dismiss consumer class-action lawsuits filed against companies that suffer data breaches if victims can't show that the the breach directly caused a financial hit.

The ruling could serve as a blueprint for other courts, Larson said.

"I have heard lawyers advocating this theory, but this is the first case where I have seen a settlement so directly tied that way," he said. "There will now be precedent to support a claim by plaintiffs that a portion of their health insurance premiums or their payment for medical care should have been used to improve data security."

 

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