Estée Lauder Companies (ELC) has reached a settlement in a class action lawsuit brought in Canada related to two data breaches in 2023.
The incidents occurred in May and July of that year, potentially compromising personal and financial information of individuals in the country.
ELC will pay CAD$1.515m to resolve the claims as part of the proposed settlement, said a statement issued by claims administrator Concilia Services.
ELC denies all allegations and liability, and no court has found the company liable, continued the statement.
Cosmetics Business has contacted ELC for comment.
The parties agreed to settle to avoid the risk and expense of continued litigation, said Concilia Services’ statement.
The proposed settlement, agreed on 20 April according to court documents, is due to be approved in The Superior Court of Québec in a hearing on 3 June.
If approved, affected individuals could receive a payout of up to $5,000 from the settlement, depending on how they were affected.