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Sony settles hacking lawsuit, to pay up to $8 million

2 years 3 days 43 minutes ago Tuesday, October 20 2015 Oct 20, 2015 October 20, 2015 1:02 PM October 20, 2015 in News
Source: Associated Press

LOS ANGELES - Sony Pictures Entertainment has reached a settlement with current and former employees, agreeing to pay up to $8 million to reimburse them for losses, preventative measures and legal fees related to the hack of its computers last year.

The settlement was filed with the U.S. District Court in Los Angeles late Monday.

The agreement calls for up to $10,000 a person, capped at $2.5 million, to reimburse workers for identity theft losses, up to $1,000 each to cover the cost of credit-fraud protection services, capped at $2 million, and up to $3.5 million in legal fees.

Hackers calling themselves Guardians of Peace broke into Sony computers and last November released thousands of emails and documents in an attempt to derail the release of the North Korean-focused comedy "The Interview."

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