T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack that it says exposed around 76.6 million US residents’ data.
According to the proposed agreement filled on Friday, T-Mobile will put $350 million into a settlement fund to go to lawyers, fees, and, of course, to people who file claims.
In August, the company announced that its systems had been breached, following reports that Social Security numbers, names, addresses, and driver’s license information for over 100 million of its customers was for sale.
The settlement agreement doesn’t contain estimates on how much each claimant can expect to receive, though it’s difficult to estimate that kind of thing until it’s clear how many people will make claims.
