Feb. 3 — LinkedIn Corp.'s agreement to pay $1.25 million and implement industry-standard data security protocols to settle a suit brought after a 2012 hack compromised more than 6 million LinkedIn users' passwords received preliminary approval Jan. 29 from a federal district court.
The settlement class, which the court said was about 800,000 people, was defined as all U.S. LinkedIn users who paid for a premium subscription to the site between March 15, 2006, and June 7, 2012. In a motion requesting approval of the settlement, the plaintiffs said that each valid claimant would receive up to $50 from the $1.25 million settlement fund. The motion added that LinkedIn would use “industry standard” or better methods of protecting users' passwords for at least five years.
Judge Edward J. Davila scheduled a fairness hearing for June 18 to determine whether to grant final approval to the agreement and award attorneys' fees to class counsel.
Edelson PC and Kaplan Fox & Kilsheimer LLP represented the plaintiffs. Cooley LLP represented LinkedIn.
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