A federal appeals court has vacated a $15.3 million legal fee award and remanded it with instructions to reduce it in litigation stemming from a 2014 data breach that impacted 56 million Home Depot customers.
The U.S. Court of Appeals for the Eleventh Circuit determined Thursday that the fee award to counsel representing a slate of financial institutions that sued Home Depot over the breach should have been based solely on the lawyers’ hourly rates and time spent litigating the case and should not have included any financial enhancement.
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