T-Mobile to Pay $350 Million for Fund in 2021 Customer Data Leak

T-Mobile US Inc. proposed paying a group of victims $350 million to settle a class-action lawsuit brought by victims of a 2021 hack of sensitive customer information.

The cellphone carrier said in a securities filing Friday that its proposed settlement would pay for claims from class members, legal fees and administrative costs. The company pledged to spend $150 million for security technology in 2022 and 2023.

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