Desjardins reaches $200M class action settlement in wake of data breach | Montreal Gazette
Desjardins reaches $200M class-action settlement in wake of data breach
The agreement must be approved by a Superior Court judge before it can go into effect.
Author of the article:La Presse Canadienne
La Presse Canadienne
Publishing date:Dec 16, 2021 • December 16, 2021 • 1 minute read • Join the conversation
The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation.
The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation. PHOTO BY GETTY IMAGES
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Mouvement Desjardins announced on Thursday that it has reached a $200-million settlement with plaintiffs in a class-action suit launched after a massive data breach in June 2019.
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The financial institution noted that the agreement must be approved by a Superior Court judge before it can go into effect.
Ottawa sent nearly $12 million in CERB payments to applicants with foreign addresses
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The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation.
The settlement is aimed at current and former Desjardins members and customers or customers who hold or held credit cards or other financial products from Desjardins.
The agreement must be approved by a Superior Court judge before it can go into effect.
Author of the article:La Presse Canadienne
La Presse Canadienne
Publishing date:Dec 16, 2021 • December 16, 2021 • 1 minute read • Join the conversation
The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation.
The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation. PHOTO BY GETTY IMAGES
Article content
Mouvement Desjardins announced on Thursday that it has reached a $200-million settlement with plaintiffs in a class-action suit launched after a massive data breach in June 2019.
Advertisement
STORY CONTINUES BELOW
Article content
The financial institution noted that the agreement must be approved by a Superior Court judge before it can go into effect.
Ottawa sent nearly $12 million in CERB payments to applicants with foreign addresses
Trackerdslogo
The agreement calls for a maximum of about $200.85 million to fund individual payments to those covered by the suit and who sought compensation.
The settlement is aimed at current and former Desjardins members and customers or customers who hold or held credit cards or other financial products from Desjardins.
