Up To $4,250 Per Person To Be Handed Out As California Firm Reaches Data Breach Settlement

A California-based real estate firm has agreed to settle a lawsuit over a data breach that exposed the sensitive information of its customers.

According to the settlement administrator’s portal, FPI Management will pay out between $100 and $4,250 to victims of the breach, which happened five years ago.

The class action lawsuit members who became victims of identity theft and have documented evidence will receive up to $4,250.

FPI Management will also hand out up to $400 to victims who incurred “documented out-of-pocket expenses and fees” as a result of the data breach. Up to $100 will also be handed out to all other individuals who were notified about the data breach.

FPI Management will also reimburse victims for lost time, at a rate of approximately $20 per hour for a maximum of three hours for the duration spent dealing with the data breach. Two-year access to identity theft protection and credit monitoring services will also be provided.

The data breach stemmed from a cyber attack that resulted in “unauthorized third parties” accessing privileged files. The breached data included “names, addresses, dates of birth, Social Security numbers, driver’s license numbers or other government identification card numbers, passport numbers, tax identification numbers, financial account information, online credentials, digital signatures, and/or payment card information as well as medical information.”

Claims must be submitted by November 6th. A final approval hearing for the settlement will be held on October 24th.

While FPI Management has agreed to settle the data breach lawsuit, it denies any wrongdoing.

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