Ashley Madison Parent In $Eleven.2 Million Agreement Over Data Breach

The case is In re: Ashley Madison Customer Data Security Breach Litigation, U.S. District Court, Eastern District of Missouri, No.
Lawyers for Ashley Madison users may receive up to one-third of the $11.2 million payout to cover legal fees, court papers show.
Ashley Madison marketed itself as a means to help people, primarily men, cheat on their spouses, and was known for its slogan “Life is short.
The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach.
According to Friday’s settlement, users with valid claims can recoup up to $3,500 depending on how well they can document their losses attributable to the breach.

Read more on: http://www.cnbc.com/technology