Home Depot agreed to a multimillion dollar settlement with a class of up to 53 million consumers whose payment card or email data was stolen during the retailer's 2014 data breach, according to new documents filed in a Georgia District Court.

The chain of home improvement stores agreed to pay $13 million to consumers for out-of-pocket losses, unreimbursed charges and time spent dealing with accounts affected by the data breach, as well as at least $6.5 million to provide class members with 18 months of identity protection services. In addition, the retailer will also pay up to $8.775 million in plaintiffs' attorney fees and expenses.

"In light of the terms of the settlement and the procedural hurdles that class members would have to overcome before any recovery, it is my view that the proposed settlement fairly and efficiently provides meaningful relief," consumer plaintiffs' attorney Roy Barnes wrote in a motion supporting the settlement.