Data breach case: US court approves Infosys McCamish’s proposed $17.5 million settlement

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A US court has given its final approval for the proposed settlement of class action lawsuits against Infosys McCamish, according to a BSE filing by Infosys on Saturday.

Under the proposed terms, Infosys McCamish Systems had agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source.

If the settlement is not appealed within 30 days, “it will become effective and resolve all allegations made in the class action lawsuits…



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Data breach case: US court approves Infosys McCamish’s proposed $17.5 million settlement



A US court has given its final approval for the proposed settlement of class action lawsuits against Infosys McCamish, according to a BSE filing by Infosys on Saturday.

Under the proposed terms, Infosys McCamish Systems had agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source.

If the settlement is not appealed within 30 days, “it will become effective and resolve all allegations made in the class action lawsuits…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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