And the lawyers stand to rake in $1.8 million. This is amazing. $2 per?
Wow.just.wow.
From Wired:
“The settlement provides the class members with fair, reasonable and adequate compensation for their claims,” wrote lead counsel for the plaintiffs, Scott Kamber of KamberEdelson in New York.
Kamber, in a court filing (.pdf) in San Francisco federal court on Friday, is requesting $1,360 an hour — $1.8 million and counting for time worked by him and others in his and other firms for bringing the case and negotiating a proposed settlement to the breach-of-privacy class action.
The court filings came in response to a request by U.S. District Judge Vaughn Walker, who last month scuttled the proposed settlement agreement. Walker wanted an hourly accounting of the proposed legal fees, which are not unusually high by class action standards.
So, a “fair, reasonable and adequate compensation for their claims” is $2? Well, not entirely. To “sweeten” the pot they will provide a one-year subscription to anti spam software from Trend to affected folks.
Well then, I now know the going rate for your identity. Yes, I realize that there was “no evidence” that SSN or account numbers were pinched in addition to the personal details. That being said, no evidence does not equate to a definitive response to the question of whether or not the aforementioned data was also purloined.
Read the full story over on Wired.