Important Settlement Notice for Reventics, LLC Class Members

Key Details of the Reventics Class Action Settlement
Reventics, LLC has recently announced a settlement regarding a class action lawsuit that emerged from a significant data security incident. This legal matter has implications for numerous individuals whose sensitive information may have been affected. While the defendants, Reventics, LLC and OMH Healthedge Holdings, Inc., deny any wrongdoing, they have chosen to settle the case.
Understanding the Settlement
The proposed settlement has been a response to an unauthorized access of private information in late 2022. As per the terms of the settlement, a total of $8,150,000.00 has been set aside in what is known as the Settlement Fund. Individuals who are considered Class Members based on the compromised data may be eligible to receive compensation through this fund.
Who is Eligible?
As a Class Member, if your protected health information or personally identifiable information was involved in the 2022 data incident, you are entitled to be notified and can participate in this settlement. Notifications regarding the incident started being sent out in early 2023 to those impacted.
Settlement Benefits Explained
The settlement offers a choice between receiving up to $5,000 for documented losses or a flat cash payment of $100, with adjustments if needed. The funds will not only be used for Class Member payments but also to cover administration costs, legal fees, and awards for service to the plaintiffs.
How to File a Claim
For those eligible, filing a claim is essential to receive any benefits. Claim Forms are conveniently available for download or online submission. It is crucial for individuals to submit their claims before the specified deadline to ensure their participation in the settlement.
Claim Submission Deadline
The deadline for submitting a Claim Form, whether online or by other means, is on July 25, 2025. Failing to submit a timely claim will result in ineligibility for settlement benefits.
Options for Class Members
Class Members have different options regarding their participation in the settlement. One choice is to do nothing, which means they accept being a member of the Settlement Class but will not obtain any payment. Alternatively, they can exclude themselves from the settlement if they prefer to pursue their own legal action against the defendants.
Exclusion Process
If individuals choose to exclude themselves, they must send a request to the Settlement Administrator by June 21, 2025. This action ensures they relinquish any claims against the defendants but opens the possibility for them to file their own lawsuits.
Objection Process
If Class Members wish to voice dissent about any aspect of the settlement, they may formally object to it. To submit an objection, individuals must provide written notice to the Settlement Administrator prior to the June 21, 2025 deadline.
What Happens Next?
Following this process, a Final Approval Hearing will take place, allowing the court to validate the settlement and examine any objections. Class Members may choose to attend the hearing, although it is not necessary.
Additional Information Resources
For further questions or to access important documents, individuals can visit the provided online resources for more comprehensive details about the settlement. They can also contact the Settlement Administrator for assistance.
Frequently Asked Questions
What is the Reventics, LLC settlement about?
The settlement addresses a class action lawsuit regarding a data security breach affecting individuals' sensitive information.
Who qualifies as a Class Member?
A Class Member is someone whose protected health information or personal data was affected during the incident revealed in 2022.
What are the payment options for eligible Class Members?
Class Members can choose between receiving up to $5,000 for documented losses or a flat cash payment of $100.
When is the deadline to file a claim?
The deadline for filing a claim is July 25, 2025.
How can I get more information about the settlement?
More information can be obtained online via official resources or directly from the Settlement Administrator's contact options.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders 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.