Kaye-Smith Enterprises $2M Data Breach Settlement

If your business experienced financial losses due to a data breach at Kaye-Smith Enterprises in June 2022, you may be eligible to claim compensation from a class action settlement.

Kaye-Smith has agreed to pay at least $2,000,000 to settle a class action lawsuit for allegedly failing to protect sensitive personal information and not notifying affected individuals promptly.

Who are the class members?

To be eligible as a class member, you must meet the following criteria:

• You had a business relationship with Kaye-Smith.
• Your business was financially impacted by the data breach.
• You have not settled your claims against Kaye-Smith before October 19, 2023.

How much can class members get?

The settlement provides a fund of $2,000,000 to compensate class members. The actual amount each class member can receive depends on the number of valid claims submitted and the total amount of documented losses claimed.

Class members can submit claims for reimbursement of business losses directly related to the data breach. The settlement will cover:

• Notice and settlement administration costs.
• Court-approved attorneys’ fees of approximately $667,000.
• Litigation costs not exceeding $50,000.
• Service awards of up to $5,000 for named plaintiffs.

The remaining funds will be distributed to class members based on valid claims. If the award amount is subject to a net settlement fund calculation, the calculation will be based on the remaining funds after the above expenses are deducted. Hypothetical examples of how the math would work can be provided if necessary.

Proof required to submit a claim

• Documentation of all claimed losses.
• Copies of any previous claims made to Kaye-Smith.
• Efforts made to mitigate losses.

How to claim an award

To file a claim, you can file a claim online or submit a claim form by mail. The claim form must be postmarked by December 26, 2024. Mail your completed form to:

Kaye-Smith Data Breach Settlement Administrator

PO Box 2378

Portland, OR 97208-2378

Ensure all required documentation is included with your claim form.

Payment methods

Class members will receive their compensation via check or electronic payment, depending on their preference indicated in the claim form.

$2 Million settlement fund

The settlement fund of $2,000,000 will cover various expenses and awards:

• Approximately $667,000 allocated for attorneys' fees.
• Up to $50,000 for litigation costs.
• Service awards for named plaintiffs, totaling up to $17,500.
• Remaining funds distributed to class members based on valid claims.

Important dates

• Deadline to File a Claim: December 26, 2024
• Final Approval Hearing: January 7, 2025

When is the Kaye-Smith Enterprises Data Breach payout date?

After the final approval hearing on January 7, 2025, if the settlement is approved and no appeals are filed, payments will be processed and sent to eligible claimants 30 days later.

Why was there a class action settlement?

The lawsuit alleged that Kaye-Smith failed to protect sensitive data and notify affected parties promptly. By settling, Kaye-Smith avoids the costs of a trial, and affected parties receive compensation.