The details of the settlement reached between Sony Pictures Entertainment in the class action lawsuit resulting from the November 2014 hack have been revealed.
The settlement deemed 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.
Sony agreed to pay up to $10,000 per individual for actual losses from identity theft resulting from the hack.
The settlement also deemed that Sony will continue to provide identity theft protection for the individuals part of the class action lawsuit, free of charge, through December 31, 2017.
The lawyers involved in the lawsuit were awarded up to $3.49 million in attorneys fees, costs and expenses.
A hearing is scheduled for Nov. 16 for the court to approve the terms of the settlement.
Sony Hack Attack Timeline: From First Cyberbreach and Leaks to 'The Interview' Release (Photos)
As Sony CEO Michael Lynton prepares to exit, here’s TheWrap’s blow-by-blow of 2014’s devastating cyberattack on the studio
As Sony CEO Michael Lynton announces his resignation, let's look back at one of the darkest periods of his tenure: the Sony hack.