T-Mobile will pay $350 million to fund 2021 customer data leaks

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

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