AT&T Will Pay $177 Million to Settle Two Huge Lawsuits. Learn Who Qualifies and How Much the Payouts Will Be
AT&T/CNET
AT&T isn't accepting blame for Donald Trump's recent conference call troubles, but it is willing to take accountability for two huge data breaches that happened in 2019 and 2024. While the settlement isn't quite the size of Meta's $725 million privacy settlement, it will likely pay out claimants up to $2,500 or $5,000 each.
On Friday, June 20, US District Judge Ada Brown granted preliminary approval to the terms of a proposed settlement from AT&T that would resolve two lawsuits related to the data breaches. The current settlement would see AT&T pay $177 million to customers adversely affected by at least one of the two data breaches.
The settlement will prioritize larger payments to customers who suffered damages that are "fairly traceable" to the data leaks. It will also provide bigger payments to those affected by the larger of the two leaks, which began in 2019. While the company is working toward a settlement, it has continued to deny that it was "responsible for these criminal acts."
For all the details we have about the settlement right now, keep reading, and for more info about other recent settlements, find out how to claim Apple's Siri privacy settlement and see if you're eligible for 23andMe's privacy breach settlement.
What happened with these AT&T data breaches?
AT&T confirmed the two data breaches last year, announcing an investigation into the first in March before confirming it in May and confirming the second in July.
The first of the confirmed breaches began in 2019. The company revealed that about 7.6 million current and 65.4 million former account holders had their data exposed to hackers, including names, Social Security numbers and dates of birth. The company first began investigating the situation last year after it reported that customer data had appeared on the dark web.
The second breach began in April of 2024, when a hacker broke into AT&T cloud storage provider Snowflake and accessed 2022 call and text records for almost all of the company's US customers, about 109 million in all. The company stressed that no names were attached to the stolen data. Two individuals were arrested in connection with the breach.
Both of these incidents sparked a wave of class action lawsuits alleging corporate neglect on the part of AT&T in failing to sufficiently protect its customers.
Who is eligible to file a claim for the AT&T data breach settlement?
As of now, we know that the settlement will pay out to any current or former AT&T customer whose data was accessed in one of these data breaches, with higher payments reserved for those who can provide documented proof that they suffered damages directly resulting from their data being stolen.
If you're eligible, you should receive a notice about it, either by email or a physical letter in the mail, sometime in the coming months. The company expects that the claims process will begin on Aug. 4, 2025.
How much will the AT&T data breach payments be?
You'll have to "reasonably" prove damages caused by these data breaches to be eligible for the highest and most prioritized payouts. For the 2019 breach, those claimants can receive up to $5,000. For the Snowflake breach in 2024, the max payout will be $2,500. It's not clear at this time how the company might be handling customers who've been affected by both breaches.
AT&T will focus on making those payments first, and whatever's left of the $177 million settlement total will be disbursed to anyone whose data was accessed, even without proof of damages. Because these payouts depend on how many people get the higher amounts first, we can't say definitively how much they will be.
When could I get paid from the AT&T data breach settlement?
AT&T expects that payments will start to go out sometime in early 2026. Exact dates aren't available right now. The recent court order approving the settlement lists a notification schedule of Aug. 4 to Oct. 17, 2025.
The deadline for submitting a claim is currently set at Nov. 18, 2025. The final approval of the settlement needs to be given at a Dec. 3, 2025, court hearing in order for payments to begin.
Stay tuned to this piece in the coming months to get all the new details as they emerge.
For more money help, check out CNET's daily tariff price impact tracker.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
10 minutes ago
- Miami Herald
Donald Trump's Approval Rating Flips With Baby Boomers
Donald Trump's support among baby boomers has rebounded sharply, giving the president a boost with one of his most dependable voting blocs as he heads into the 2026 midterm cycle. In the latest Quantus Insights poll, Trump's approval rating with baby boomers has flipped from being even to solidly positive. Last month, his numbers among over-65s stood at 49 percent approve and 49 percent disapprove. This month's results, however, show a significant turnaround. Trump now sits at 56 percent approve and 41 percent disapprove, a net positive of +15 points and a 15-point swing in his favor in just a few weeks. The reversal underscores Trump's enduring appeal with older conservatives, even as his approval ratings have dropped among younger Americans and some other key groups. Baby boomers—who were critical to Trump's win in 2024, when 51 percent of the age group voted for him—remain a vital pillar of his political base. While the Quantus Insights poll showed a boost in boomer support for the president, other polls show that his approval rating among this demographic has remained remarkably consistent in recent months. A YouGov/Economist poll found Trump's rating among over-65s holding steady at 45 percent approve/53 percent disapprove in June—barely changed from May's numbers of 45/51. An ActiVote poll shows a similar pattern, with Trump's approval slipping only slightly from 48 percent approve/48 percent disapprove in May to 42/52 in June among over-65s. Marist polling, too, shows almost no movement among boomers, with 41 percent approve/58 percent disapprove in June for over-60s compared with 40/57 in April. A Fox News poll recorded a modest shift, with Trump's rating among over-65s at 46/53 in June, up just a few points from 43/57 in April. Trump's standing with boomers could collapse in the coming months after Congress passed Trump's "Big Beautiful Bill" on Thursday. It will cut roughly $1.1 trillion in health care spending and result in 11.8 million people losing Medicaid health insurance over the next decade, according to new estimates from the nonpartisan Congressional Budget Office. In 2021, approximately 9.4 million individuals aged 65 and older were enrolled in Medicaid, according to the Brookings Institution, including many who are "dual eligibles," meaning they are enrolled in both Medicare and Medicaid. This makes Medicaid the single largest payer for long-term services and supports in the country. In fact, more than 60 percent of nursing home residents in the U.S. depend on Medicaid to help pay for their care. Recent polls have shown that a majority of Americans say they oppose Trump's One Big Beautiful Bill Act. A Quinnipiac poll conducted June 22-24 found that 55 percent of Americans oppose the bill. A Fox News survey from June 13-16 put opposition even higher, at 59 percent. Meanwhile, a KFF poll from June 4-8 showed the strongest pushback, with 64 percent saying they reject the legislation. Even polls with relatively lower opposition still show more Americans against the bill than in favor. A Washington Post-Ipsos poll, conducted June 6–10, found 42 percent opposed but only 23 percent support it. While a Pew Research Center survey conducted June 2-8 showed 49 percent disapproval and 29 percent in favor. All five surveys included samples of at least 950 U.S. adults, indicating broad national sentiment. In the Quinnipiac poll, 47 percent of registered voters said they support the Medicaid work provision in the bill and 46 percent said they oppose them, effectively a dead heat. Meanwhile, the KFF poll found that 79 percent of Americans think it is the government's responsibility "to provide health insurance coverage to low-income Americans who cannot afford it." During his campaign, Trump vowed: "We're not cutting Medicaid, we're not cutting Medicare, and we're not cutting Social Security." Trump's approval rating among baby boomers is likely to fluctuate throughout his second term. Related Articles Steve Bannon Attacks Elon Musk Over New Party: 'You're Not American'Trump 'Heartbroken' Over Texas Flooding as Federal Aid PledgedIran's Supreme Leader Makes First Public Appearance Since WarWeather Service Staffing 'Clearly a Concern' Ahead of Deadly Texas Floods 2025 NEWSWEEK DIGITAL LLC.
Yahoo
14 minutes ago
- Yahoo
Has Resideo Technologies, Inc.'s (NYSE:REZI) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Resideo Technologies' (NYSE:REZI) stock is up by a considerable 54% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Resideo Technologies' ROE. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Resideo Technologies is: 2.4% = US$79m ÷ US$3.3b (Based on the trailing twelve months to March 2025). The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.02 in profit. Check out our latest analysis for Resideo Technologies So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. As you can see, Resideo Technologies' ROE looks pretty weak. Not just that, even compared to the industry average of 13%, the company's ROE is entirely unremarkable. Resideo Technologies was still able to see a decent net income growth of 14% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. Such as - high earnings retention or an efficient management in place. Next, on comparing Resideo Technologies' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 15% over the last few years. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is REZI fairly valued? This infographic on the company's intrinsic value has everything you need to know. Resideo Technologies doesn't pay any regular dividends, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen. In total, it does look like Resideo Technologies has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Is Now The Time To Look At Buying Herc Holdings Inc. (NYSE:HRI)?
While Herc Holdings Inc. (NYSE:HRI) might not have the largest market cap around , it led the NYSE gainers with a relatively large price hike in the past couple of weeks. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Herc Holdings's outlook and valuation to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Herc Holdings appears to be overvalued by 24% at the moment, based on our discounted cash flow valuation. The stock is currently priced at US$145 on the market compared to our intrinsic value of $116.96. This means that the opportunity to buy Herc Holdings at a good price has disappeared! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Herc Holdings's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Check out our latest analysis for Herc Holdings Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Herc Holdings. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? HRI's optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe HRI should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping tabs on HRI for some time, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there's no upside from mispricing. However, the optimistic prospect is encouraging for HRI, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. So while earnings quality is important, it's equally important to consider the risks facing Herc Holdings at this point in time. Every company has risks, and we've spotted 3 warning signs for Herc Holdings (of which 1 doesn't sit too well with us!) you should know about. If you are no longer interested in Herc Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
