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Sony: We settled PSN hack suit to avoid trial costs, but 'continue to deny the allegations'

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Sony this month agreed to a $15 million preliminary settlement in a class-action lawsuit over the 2011 data breach of the PlayStation Network, Qriocity and Sony Online Entertainment services.

But the company continues to deny allegations that the company's network wasn't properly secured, leading to the hack.

"A proposed settlement has been reached in the class action lawsuits arising from the April 2011 criminal cyber-attacks on the PlayStation Network, Qriocity, and Sony Online Entertainment services," a representative told Polygon in a written statement. "Information regarding the proposed settlement, which is subject to final approval by the Court, is available in the settlement agreement and other documents filed with the Court.

"While we continue to deny the allegations in the class action lawsuits, most of which had been previously dismissed by the trial court, we decided to move forward with a settlement to avoid the costs associated with lengthy litigation."

The official went on to say that no Sony entity have received "confirmed reports of identity theft linked to the attacks, and there is no evidence that anyone's credit card information was accessed.

"We are glad that the parties are working toward a resolution of this matter and that our gamers will continue to enjoy our entertainment services."

Under the terms of the agreement, if approved by a judge on May 1, 2015, eligible gamers will be eligible for a range of benefits.