Thousands of Americans may be eligible to receive up to $5,000 as part of a settlement related to a major data breach. Affected individuals need just one key document to file their claim, but they must act before the deadline to secure their payment.
Background on the Data Breach
The cybersecurity incident, which took place in 2023, involved Berry, Dunn, McNeil & Parker and its affiliate, Reliable Networks. According to legal filings, the firms allegedly failed to implement sufficient security measures, allowing hackers to gain access to sensitive customer information.
While the companies have not admitted fault, they have agreed to a $7.25 million settlement fund to compensate those affected.
Who Is Eligible?
Individuals whose personal information may have been compromised in the breach could qualify for compensation. Those who received a formal notice from Berry, Dunn, McNeil & Parker or Reliable Networks informing them of the breach are also eligible to file a claim.
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How Much Can You Get?
Claimants can request reimbursement of up to $5,000 for verified financial losses tied to the data breach. These could include costs related to fraud, identity theft, or other out-of-pocket expenses. Supporting documents such as bank statements or credit reports must be provided to substantiate claims.
Even those who did not suffer direct monetary losses can still receive compensation. Affected individuals who file without proof of expenses will be eligible for a standard $100 payment, though this amount may fluctuate based on the number of claims submitted.
Additionally, all approved claimants will receive three years of free credit monitoring services.
Key Deadlines to Remember
There are three crucial dates for those looking to participate in the settlement:
- May 7, 2024 – Deadline to file an objection or request to be excluded from the settlement.
- May 22, 2024 – Final day to submit a claim form for compensation.
- June 6, 2024 – Court hearing to approve the settlement.
Eligible individuals should act quickly to ensure they receive their share of the settlement fund .
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