AAA Collections $865,000 Settlement for Data Breach

If you received a notice regarding the AAA Collections, Inc. data breach, you might be entitled to compensation from a class action settlement. This settlement addresses the cyberattack that occurred from September 5 to September 7, 2022, which compromised sensitive personal information. The settlement fund amounts to $865,000 and offers various benefits to those affected.

Who Benefits?: Individuals in the United States who received a notice letter about the AAA Data Incident in September 2022.

How much can I get?: Eligible claimants can receive reimbursement for out-of-pocket expenses, compensation for lost time, and a potential pro rata cash payment.

Important Dates

• Fairness Hearing: The Court will hold a Final Approval Hearing at 3:00 p.m. CT on March 25, 2024.
• Deadline to File a Claim: Claims must be submitted or postmarked by February 13, 2024.

Who Are the Settlement Class Members?

The class action lawsuit includes residents in the United States whose personal information may have been compromised during the AAA Collections, Inc. data breach. This includes individuals who received a notification letter from AAA Collections, Inc. regarding the data incident.

Class Members are eligible for benefits under the Settlement, which includes various tiers of claimants based on the impact of the data breach on their personal information and financial status.

• Individuals who received a notice letter of the AAA Data Incident

Exclusions from class membership include the presiding judge and his direct family members, the Defendant and its related entities, and any Class Member who submits a valid request to be excluded from the Settlement.

Settlement Award Details

Class Members who submit a valid claim can receive reimbursement for out-of-pocket expenses, compensation for lost time, and a potential cash payment.

• Out-of-Pocket Expenses: Up to $5,000.00 for unreimbursed losses or expenses with documentation.
• Lost Time: Up to $125.00 for time spent dealing with issues related to the Data Incident.
• Pro Rata Cash Payment: An estimated $50.00 cash payment, subject to increase or decrease based on the number of claims.

The Incident Behind the Settlement

The settlement concerns a data breach where an unauthorized third party accessed AAA Collections, Inc.'s files containing sensitive personal information. The lawsuit alleges negligence, breach of contract, and invasion of privacy on the part of AAA Collections, Inc.

Is Proof Required to Claim the Reward?

Claimants will need to provide evidence, including documentation, to support their claims for out-of-pocket expenses and lost time. Detailed records and receipts will be necessary to substantiate these claims.

How to Claim Your Award

To claim your award, complete and submit a claim form on the official settlement website. Ensure all required documentation is attached and submitted by the deadline of February 13, 2024.

Settlement Amount Analysis

The total settlement fund is $865,000.00, which will be distributed to eligible claimants after deducting attorneys' fees, litigation expenses, service awards, and administrative costs. The exact amount each claimant will receive depends on the number of valid claims submitted.

Why a Settlement?

The settlement is the result of negotiations between the parties, considering the potential risks and costs of continued litigation. The Court has yet to grant final approval of the settlement, which will be determined at the Final Approval Hearing scheduled for March 25, 2024.

If the settlement is approved, eligible Class Members who have submitted valid claims will receive their awards after any appeals are resolved. Those who do nothing will not receive a payment and will forfeit their rights to sue AAA Collections, Inc. regarding the claims covered by the settlement.