Sonic’s $5.7 Million Settlement With Banks Over Breach Advances – Bloomberg Law

sonic’s-$5.7-million-settlement-with-banks-over-breach-advances-–-bloomberg-law

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Sonic Corp.‘s deal pay $5.7 million in a settlement with financial institutions over a data breach which compromised millions of credit and debit card numbers is on track, after a federal judge in Ohio granted preliminary approval of the deal.

American Airlines Federal Credit Union, Arkansas Federal Credit Union, and Redstone Federal Credit Union alleged the drive-in burger chain failed to take adequate security measures to prevent a cyberattack on its payment system at 325 locations.

Sonic agreed in 2019 to pay 1.5 million consumers a $4.3 million settlement over the breach, but the banks also sued for damages, ...

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