$ 15,500 Direct Payment For This Data Breach Settlement

$15,500 Direct Payment for This Data Breach Settlement

Cybersecurity incidents remain a daunting issue for Americans, given that they feel their information is not secure in any firm.

The last one to make the news involves the company known as UnitedLex, which, in March of the year 2023, experienced a digital breach that saw the company lose all its customers’ data.

UnitedLex is a legal data analytics and management company established in 2006, which raised concerns for its users when it was unable to safeguard both employee and contractor data in the cyber invasion.

This is why some of those affected joined other complainants to form a class action lawsuit against the company and make sure that they get back their money. But first, a class action lawsuit: what is it?

A class action claim is brought on behalf of a group rounding up many people with similar grievances against a firm or corporation. When the suit acquires class-action status, it involves all the people who could have been in a similar plight.

Firms acting within such jurisdictions prefer to defend such class actions by providing payments to the members of the class, who, in turn, relinquish their claims to the company. As part of the terms of such settlements, most of the agreements feature utter denials of the company in question of any liability.

Those who were impacted get an opportunity to be part of the lawsuit and produce a receipt to be refunded their money plus a tie and money they spent in managing the broken relationship due to the breach.

It is made possible due to the fact that although the company under question has not admitted any wrongdoing they have agreed to the payment of $1.3 million and stated that they do not wish to prolong the process anymore.

Leave a Comment

Your email address will not be published. Required fields are marked *