Compensation Available for Netgain Data Breach Victims
Understanding the Netgain Data Breach Settlement
CPT Group, Inc. has announced a significant class action settlement regarding the data breach involving Netgain Technology, LLC, aimed at individuals potentially affected by unauthorized access to personal information.
What Happened During the Data Breach?
The allegations suggest that between September and November of a recent year, an unauthorized party accessed Netgain's computer systems. This breach led to the exposure of sensitive personal and health-related information stored on behalf of various businesses, including those in healthcare and accounting.
Who is Eligible for Compensation?
The class action settlement is set to benefit individuals across the United States who had their personal or health-related information accessed by unauthorized third parties during this time frame. If you were informed about this incident, you may qualify to receive compensation from the settlement fund established for affected individuals.
Details of the Settlement Agreement
Netgain has proposed a substantial settlement of $1,900,000. This fund will be distributed among class members who submit valid claims. Two options for compensation are available: first, documented out-of-pocket losses can be claimed for up to $5,000, or alternatively, a flat payment worth a pro rata share of the remaining funds in the settlement after administrative costs and claims have been paid.
How to File a Claim for Compensation
To secure your potential benefits, ensure you submit a Claim Form by the specified deadline. You can complete this form online or via U.S. Mail. Make sure to check the designated website for easy access to the Claim Form.
Your Choices Moving Forward
As a member of the Settlement Class, you have several options. You may choose to do nothing, which means you will not receive any benefits but will still be bound by the Settlement terms. Alternatively, you can exclude yourself which allows you to pursue any legal claims against Netgain or its business clients. Requests for exclusion must be sent by a specified date.
How to Object to the Settlement
If you harbor objections about the settlement, it is possible to voice your dissatisfaction. This involves notifying the Settlement Administrator of your concerns in writing before the established deadline.
What Happens Next in the Process?
A hearing has been set to consider final approval of the settlement. During this time, any requests for attorney's fees and class representative awards will also be addressed. It is not necessary to attend this hearing in person unless you wish to express your opinions directly.
Getting More Information
If you seek further details about the settlement, various resources, including the Long Form Notice, Claim Form, and Settlement Agreement, are available online. These documents provide a comprehensive overview of the case, including the list of affected organizations.
Frequently Asked Questions
What is the Netgain Data Breach about?
The data breach involved unauthorized access to sensitive information held by Netgain Technology, LLC, affecting many individuals' personal and health-related data.
How much compensation can I receive?
Compensation ranges from documented losses up to $5,000 or a share of the remaining balance in the Settlement Fund after administrative costs are deducted.
What is the deadline for filing a claim?
The deadline to submit claims is specified and detailed instructions can be found on the settlement website.
Can I exclude myself from the Settlement?
Yes, you may exclude yourself, but this means you will forego any benefits from the Settlement while retaining your right to pursue any legal claims against Netgain.
How can I find out more about my rights?
For more insights regarding your rights and the settlement process, refer to the official settlement documents and informational resources available online.
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