AMERICANS can claim up to $12,125 thanks to a massive data breach settlement.
Sovos Compliance will pay $3.53 million to resolve claims that it failed to prevent a cyberattack.
The company provides financial software to companies around the world.
A hack of the company’s MOVEit software compromised the data of 490,000 customers around May 30, 2023, the lawsuit alleged.
The company has denied any wrongdoing but will pay customers to avoid the costs of further litigation, according to the settlement website.
The last day to claim money in the case is Monday, June 10th.
Read more about settlements
WHO IS ELIGIBLE?
Individuals living in the US who have received a letter indicating that their data may have been compromised may be eligible for payments.
All applicants are eligible for three years of free credit monitoring.
If you’re not sure if you qualify, you can contact the settlement administrators.
PAYMENT PLANS
There are several ways to receive payment for the settlement.
Cash Payment Option A includes up to $12,125.
This applies to documented losses related to the incident, including major losses from identity theft.
To claim option A, you need proof of certain costs.
Also includes money for lost time at $25 per hour.
You can claim up to 5 hours of lost time.
Cash payment B gives a payment of $150.
California residents may qualify for even more money.
Regardless of which cash payment you receive, if you are in California, you may receive an additional $100 under state law.
Individual payments may end up being reduced if the total amount of claims is greater than the amount set aside for global settlement.
HOW TO APPLY
Affected consumers can submit a complaint online or by mail.
Claims must be submitted or posted by June 10th.
MORE MONEY
A tool manufacturer is paying $1.25 million in a lawsuit with an expiration date.
The deadline to file a complaint in this case is July 2.
What is a class action settlement?
Class action lawsuits offer groups of people, or “classes,” a way to come together in court.
These lawsuits are often filed by one or a few people who allege that a company or other entity has harmed a large group of people.
When a lawsuit becomes a class action, it extends to all “class members,” or people who may have similar claims to those who filed the lawsuit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue legal action by accepting money.
These payment agreements often include statements from the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination or false advertising are some examples of what can lead to a class action lawsuit at a company’s door.
A healthcare company had to set aside $1.8 million to cover another data breach lawsuit.
One company is paying up to $1.2 million for allegedly illegal background checks.
This story originally appeared on The-sun.com read the full story
