The representative plaintiff in a certified class proceeding sought court approval of a settlement and approval of class counsel fees under the Class Proceedings Act, 1992 following a cyber‑attack on the defendants’ PlayStation Network and related online services that allegedly compromised personal information and interrupted access.
The settlement provided cash payments for unused account balances, online service benefits, and reimbursement of up to $2,500 for proven identity theft losses.
Notice of certification and settlement was distributed to millions of account holders and resulted in minimal opt-outs and no objections.
The court considered the applicable factors for settlement approval in class proceedings and concluded the agreement was fair, reasonable, and in the best interests of the class.
The requested class counsel fee of $265,000 was also approved as reasonable in light of the risk and work undertaken.