Judge Approves Home Depot's $25M Settlement for Data Breach

U.S. District Judge Thomas Thrash approved a settlement between Home Depot and financial institutions, including credit unions, in a suit filed in the wake of a 2014 data breach at the retailer. The settlement, filed in the U.S. District Court for the Northern District of Georgia, includes creation of a $25 million fund by Home Depot for distribution through a claims process, as well as an agreement by the retailer to strengthen data security systems.