T-Mobile will pay $350 million to settle a class action lawsuit over a data breach that exposed the personal information of more than two million customers.
The settlement, which still needs to be approved by a judge, would provide $350 million in relief to consumers, according to a filing by attorneys for the plaintiffs. The settlement would also create a $5 million fund to reimburse people who have already paid for credit monitoring services because of the data breach.
The settlement would end a lawsuit that was filed in 2017 after T-Mobile announced that hackers had accessed customer data, including names, addresses, and phone numbers. Class members could receive cash payments of up to $100, depending on how many people respond.