A Federal Judge has approved the terms of a class action lawsuit Sony Pictures Entertainment employees brought on the company, as the result of personal data leaked in the studio’s devastating hack.
Terms say that Sony will provide up to $4.5 million in compensation, including $2 million for unreimbursed expenses and up to $2.5 million for losses from identity theft.
For reimbursing plaintiffs who spent money on paying for preventative measures against identity theft, Sony will provide up to $2 million, with $1,000 being the max for each individual. Roughly 430,000 current and former part-time and full-time employees will be eligible for the settlement.
The settlement also deemed that Sony will continue to provide identity theft protection for the individuals who are part of the class action lawsuit, free of charge, through 2017.
Judge R. Gary Klausner will issue final approval at a hearing set for March 16, 2016. Attorneys in the case walked away with a healthy $3.49 million in fees, costs and expenses.
Pamela Chelin contributed to this report.