Ashley Madison Proposes $11.2 Million Settlement in 2015 Hack
Ashley Madison’s parent company and lawyers representing victims of a 2015 data breach have reached a proposed $11.2 million settlement. The hack left 36 million users’ personal information on the cheating dating website vulnerable.
According to a press release, the money will go towards payments to victims who submit valid claims for alleged losses and misrepresentations from the data breach.
Ruby Corp says they deny any wrongdoing, but have agreed to the proposed settlement to “avoid the uncertainty, expense and inconvenience associated with continued litigation.”