T-Mobile agrees to pay $500M to settle class action data-breach suit
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T-Mobile (NASDAQ:TMUS) has come to an agreement to settle a class action suit tied to a 2021 cyberattack for a total of $500M.
If approved by the court, T-Mobile would pay $350M to fund claims submitted by class members, legal fees for plaintiffs' counsel, and administration costs.

It's also committing to aggregate incremental spending of $150M for "data security and related technology" in 2022 and 2023. The total $500M in spending was contemplated in previous financial guidance, and the company expects to take a pretax charge of about $400M in its second-quarter results.
Final court approval of the terms could come as soon as December.