Equifax reaches $1.4 billion settlement over data breach News
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Equifax reaches $1.4 billion settlement over data breach

Equifax has agreed to pay $1.4 billion to settle litigation with 147 million consumers over a massive data breach, according to a court filing Monday

Attorneys who represented the consumers will receive about $77.5 million from the settlement. Equifax Inc. has agreed to pay $575 million, and potentially up to $700 million, as part of the settlement with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and 50 US states and territories.

The proposed settlement also requires the company to obtain third-party assessments of its information security activities every two years, and for Equifax to provide an annual update to the FTC about the status of their consumer claims.

THIS DAY @ LAW

38 Santee Sioux hanged by US for rebellion

On December 26, 1862, 38 Santee Sioux men were hanged in a mass execution for their roles in a rebellion against US authorities in Minnesota which left hundreds dead and made refugees of some 40,000 white settlers. Government annuities promised under a treaty with the Sioux had failed to arrive on schedule and credit for purchases was not advanced in the meantime, threatening the tribe with starvation. The Santee Sioux Tribe's members were deported first to South Dakota and ultimately to Nebraska, where they remain today. Learn more about the 1862 Minnesota Sioux Rebellion.

Louis XVI put on trial during French Revolution

On December 26, 1792, Romain de Sèze, a defense attorney for deposed King Louis XVI, presented a defense of his client. The former King was on trial before a French Revolutionary court on thirty-three charges, including treason and other crimes against the state. He was convicted on January 15, 1793 executed by guillotine on the following January 21.