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

23:50  17 july  2017
23:50  17 july  2017 Source:   cbc.ca

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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.

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The owner of the Ashley Madison adultery website said on Friday it will pay $ 11 . 2 million to settle U . S . litigation Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary class - action settlement , which requires approval by a federal judge in St. Louis.

Ruby Corp., the owner of the Ashley Madison adultery website, will pay $ 11 . 2 million to settle U . S . litigation for a July 2015 data breach, according to Reuters. Ruby Corp denied wrongdoing in agreeing to the preliminary class - action settlement , which requires approval by a federal judge in St. Louis

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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.

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

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.

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