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$7,000 Payments for thousands of Americans: historic move in this state

by The Moment K.B.
May 23, 2024
in Economy
financial payout

Bad news for retirees at the end of September: Social Security leaves them without payments until this date

Say goodbye to Social Security payments for 70 million American people: This is a historic cut on this social benefit

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Mistakes happen, yet some can leave lasting damage. Many lawsuits have been filed when companies make mistakes that affect their employees and clients. Fortunately for some Americans, a mistake can lead to a big payout.

A breach that ended up benefiting thousands of Americans

In August 2022, Connexin Software, a health record software provider, had a major problem when a third party hacked their server. This breach leaked information about patients and employees, affecting almost 3 million people. This incident led to a class action lawsuit in Pennsylvania, which has now reached a settlement awaiting final court approval.

The breached data included a lot of personally identifiable information, like social security numbers, enrollment records, health insurance details, and other important identifiers. Connexin quickly began notifying everyone affected by the breach in 2022 to inform them about what happened and the potential consequences.

The class action lawsuit against Connexin claimed the company was careless in protecting the personal details it was supposed to safeguard, leading to losses and various negative consequences for those affected. To settle the lawsuit and the claims, Connexin Software has agreed to pay a total of $4 million.

Connexin Software Settlement Conditions

Eligible class action members have two compensation options as part of the settlement. All claims must be submitted on the settlement website by July 25, 2024, and instructions on how to file a claim are provided.

The first option offers 3 years of fraud monitoring and identity theft protection to reduce risks from the data breach.

The second option is a one-time payment of around $7,500 as compensation for losses from the breach. This option is more complex and requires individuals to provide documentation of their losses, such as receipts, bank statements, credit reports, or other proof.

Alternatively, there may be a less generous cash payment option if documentation cannot be provided.

$7,000 One-Time Payment Dates

If you’re eligible for compensation, there are three important dates to keep in mind:

  1. December 1, 2022: This is when the notification process began. If you were notified, you’re eligible for the settlement. If you didn’t receive a notification, you’re not eligible for compensation.
  2. June 25, 2024: This is the deadline to either exclude yourself from the settlement or file an objection to the preliminary agreement. Excluding yourself keeps your right to pursue legal claims against Connexin in the future regarding the data breach. If you don’t opt out by this date, you forfeit this right, even if you submit a claim form later. If you choose not to submit a claim form, you can still exclude yourself to retain the option for future legal action.
  3. July 24, 2024: On this date, the court will review the settlement’s fairness and adequacy. It’s unlikely any changes will be made at this point, and the settlement process will soon close, leading to payouts.

Make sure to pay attention to these dates to ensure you receive your compensation or retain your legal rights

Connexin Software got hit with a data breach snag when some third party sneaked into their system and grabbed personal info about patients and employees. This led to a bunch of headaches, like social security numbers, employee records, health insurance details, and more getting leaked.

The fallout? It caused injuries and stress for both employees and patients. Plus, there’s the worry that the data could be used by the hackers for shady stuff like fraud or hacking into folks’ accounts.

Now, the company’s coughing up a $4 million settlement. They’re offering two options:

  1. You can snag three years of identity theft and fraud monitoring services to help protect your information from future breaches.
  2. Or, you could go for a one-time payment of $7,000 or more, depending on how much you’ve been hurt by the breach. But to cash in on this, you gotta show some solid proof of your losses.

While the breach was unfortunate, it’s good to see that the company is taking responsibility. Financial compensation doesn’t fix all the problems, but it can greatly help those affected by the breach. Make sure you check if you’re eligible.

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