A U.S. judge has granted preliminary approval to a $177 million settlement resolving data security lawsuits against AT&T. These lawsuits stemmed from breaches that exposed personal information belonging to tens of millions of the telecom giant's customers. The settlement aims to address the liabilities arising from these security incidents.
This preliminary approval marks a step towards resolving a significant legal and reputational challenge for AT&T. While the settlement involves a substantial financial outlay, it provides a path to closure for the affected customers and the company. The final approval process will determine the full implementation of the settlement terms.
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