Canada Ashley Madison owner to pay up to $11.2M to settle U.S. class action lawsuits

23:54  17 july  2017
23:54  17 july  2017 Source:   cbc.ca

Money Makeover: These two need to get their cash flow under control

  Money Makeover: These two need to get their cash flow under control THE PEOPLE: Ashley and Jason are a married couple in their mid thirties. They have a school-aged son and an infant daughter. Ashley just started her second maternity leave, so they are living on a reduced income of $89,000 a year. Before mat leave, the couple earned $131,000 a year. When Ashley’s leave ends, she’d like to go back to work part-time. Jason has aspirations of buying a small business from his boss when he retires in a few years. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.

The Ashley Madison adultery website will pay $ 11 . 2 million to settle a class - action lawsuit filed after the dating site was hacked in July 2015, exposing data of millions of users, its owner said Friday.

Ashley Madison Lawsuit Down to Pay $ 11 . 2 M for Blowing Users' Covers. The website will pony up $ 11 . 2 million to settle a class action lawsuit against the site after it was hacked back in 2015 exposing sensitive information about its 32 million registered users.

The owner of adultery website AshleyMadison.com has agreed to pay $11.2 million US (more than $14.2 million Canadian) to settle class action lawsuits in the U.S. launched on behalf of people whose personal information was exposed in a high-profile cybersecurity breach in 2015.

Toronto-based Ruby Corp. announced on Friday that it has reached a proposed settlement to end various class action suits that were launched against it in 2015, after personal information from 37 million of the site's users was stolen and released by hackers.

The breach ultimately brought about the sale of the company, and while the new owners insist the company's future looks bright, the scandal was a major hit to the site's business, costing it roughly a quarter of its revenue in addition to various fines and penalties.

Late last year, the company paid $1.6 million US to settle with the Federal Trade Commission as part of a probe into the company's security protocols at the time.

While Ruby denies any wrongdoing, the company said in a release that if the settlement is approved by a judge later this month, it will pay up to $3,500 US each to victims who can prove they were affected, to a maximum payout of $11.2 million.

Sarah Hyland Nude Photos, Video Leak: Actress Taking Legal Action Following Hack .
Sarah Hyland Nude Photos, Video Leak: Actress Taking Legal Action Following HackHyland’s personal pictures were posted by the website Celeb Jihad, which routinely publishes hacked nude images and videos of stars. As Gossip Cop reported, the outlet has faced potential lawsuits in the past for sharing illegally obtained nude photos. Last December, the site was forced to remove topless photos of Lucy Hale after the actress’s attorney sent the site a cease and desist letter.

Source: http://ca.pressfrom.com/news/canada/-37116-ashley-madison-owner-to-pay-up-to-11-2m-to-settle-u-s-class-action-lawsuits/

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