IT
Data breach case: US court approves Infosys McCamish’s proposed $17.5 million settlement
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A US court has given its final approval for the proposed settlement of class action lawsuits against Infosys McCamish, according to a BSE filing by Infosys on Saturday.
Under the proposed terms, Infosys McCamish Systems had agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source.
If the settlement is not appealed within 30 days, “it will become effective and resolve all allegations made in the class action lawsuits…
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