Important Settlement Information for AT&T Data Breach Claimants

Understanding the AT&T Data Incident Settlement
If your private information was involved in the AT&T data incidents, as an account owner or line user whose call records were affected, you may have the opportunity to claim benefits from a class action settlement.
About the Class Action Lawsuit
A settlement has been proposed as part of a class action lawsuit known as In Re: AT&T Inc. Customer Data Security Breach Litigation, currently pending in a federal court. This lawsuit addresses allegations that specific data fields associated with AT&T were leaked on the dark web during a data incident that occurred earlier this year. Furthermore, it was reported that additional AT&T data was unlawfully downloaded from a third-party cloud platform. AT&T, however, denies all claims and wrongdoing in this matter, with no court having found it liable.
Who Qualifies as a Settlement Class Member?
There are two subclasses that make up the settlement class:
- AT&T 1 Settlement Class: This includes all living individuals in the United States whose data elements were part of the initial data incident.
- AT&T 2 Settlement Class: This category covers AT&T account owners and line users whose call records were involved in the second data incident.
What Does the Settlement Offer?
AT&T has agreed to establish two settlement funds for affected individuals. The first fund, worth $149 million, is allocated for claims arising from the initial data incident, while the second fund of $28 million is designated for the claims related to the secondary incident. Settlement class members can expect to receive benefits based on their classified status: either documented loss cash payments or tiered cash payments.
Steps to Claim Your Cash Payment
To be considered for a cash payment, you must submit a Claim Form. This form is accessible through the settlement website. Complete your Claim Form and ensure it's submitted online or mailed to the Settlement Administrator by the postmarked deadline. It’s critical to submit your form by the specified date to be eligible.
What Are Your Options?
You have several choices regarding your involvement in the settlement:
- Do Nothing: If you decide not to take action, you will still be included as a settlement class member, but you will not receive any financial compensation. Moreover, doing nothing means you will be legally bound by the settlement terms.
- Opt-Out: If you prefer not to be a part of the settlement and wish to retain your right to sue regarding the claims made in the lawsuit, you have the option to exclude yourself. This requires sending a written request to the Settlement Administrator.
- Object: You can remain a class member while formally expressing your objections to the settlement. Your written concerns must be submitted to the court by a certain date.
Final Approval Hearing
A hearing regarding the final approval of the settlement will take place. During this session, the court will discuss the overall approval of the settlement as well as potential attorney fees and awards for class representatives. All affected individuals are permitted to attend, whether personally or via representation.
Frequently Asked Questions
What is the purpose of the class action lawsuit?
The purpose is to address the data breach incidents involving AT&T and ensure affected individuals receive compensation.
How will I receive my payment if I qualify?
Payments will be distributed based on the processed claims and the eligibility criteria established in the settlement agreement.
Can I opt-out of the settlement?
Yes, you can choose to exclude yourself from the settlement to maintain your right to pursue legal action.
What do I need to submit?
You must fill out and submit a Claim Form to be considered for compensation.
When is the deadline for submitting claims?
The specific deadline for submitting claims is outlined in the settlement documents, and it's vital to adhere to this timeline to qualify.
About The Author
Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.