The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach. Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary...
NYS Entity Status
NYS Filing Date
APRIL 09, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - 112 M CORP.
AROUND THE WEB
- Ashley Madison owner to pay $11.2M settlement over data breach
By Reuters - Saturday Jul 15, 2017
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- Judge OKs $11.2M settlement for hacked Ashley Madison users
By JIM SALTER, Associated Press - Friday Jul 21, 2017
ST. LOUIS (AP) — A federal judge on Friday approved an $11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities.U.S. District Judge John Ross in St. Louis gave preliminary approval to a class action settlement that was initially announced last week by Toronto-based Ruby Corp., the parent company of Ashley Madison.The company denied wrongdoing but said in a statement that it settled to "avoid the uncertainty, expense, and inconvenience associated with continued litigation."McDonough said there is no estimate on how many people will seek part of the settlement money, which could range from as little as $19 for those victimized by the hack up to $2,000 for those who were victims of identity theft because of the hack.In addition to monetary penalties to the FTC, Ruby agreed in December to end certain deceptive practices, to not create fake profiles, and to develop a stronger data security program.