Report: Home Depot data breach class action suit begins Jan. 16

Atlanta – A class action lawsuit compiling more than 30 of the 44 lawsuits that have been filed against The Home Depot Inc. in relation to its 2014 data breach is scheduled to begin Friday, Jan. 16 in U.S. District Court for the Northern District of Georgia in Atlanta.



According to the Atlanta Business Chronicle, Chief Judge Thomas W. Thrash Jr. is telling attorneys for both sides to pursue a “just, speedy and inexpensive” resolution.



Costs for financial institutions are estimated to total at least $140 million, and Home Depot previously told investors costs related to the breach could be material to the company's consolidated financial condition, results of operations, or cash flows.



The lawsuit accuses Home Depot of breach of contract for failing to comply with security standards and protect customer data.