MedInform $400,000 Data Breach Settlement: Payout Info & Dates

If you received a notice from MedInform, Inc. regarding a data breach in December 2022, you may be eligible to claim up to $5,000 from a class action settlement.

MedInform, Inc. has agreed to pay $400,000 to settle a class action lawsuit for allegedly failing to implement reasonable security measures to protect private information.

Who are the class members?

You are part of the Settlement as a Class Member if:

• You received a notice from MedInform, Inc. about the data breach that occurred in December 2022.
• Your private information, such as names, addresses, Social Security numbers, medical billing information, and financial account information, was potentially compromised.

How much can class members get?

• Reimbursement for Out-of-Pocket Losses: Up to $5,000 for documented losses or expenses resulting from the data incident.
• Pro Rata Cash Payment: Approximately $200, subject to increase or decrease based on the remaining balance in the Settlement Fund after other payments.

The settlement fund is capped at $400,000, which includes attorneys’ fees, costs, and expenses, as well as class representative service awards.

Payment methods

• Check
• Electronic payment (if chosen online)

Settlement Fund Breakdown

The settlement fund of $400,000 will cover:

• Reimbursements for out-of-pocket losses up to $5,000 per class member.
• Pro rata cash payments of approximately $200.
• Attorneys’ fees, costs, and expenses up to $133,333.33.
• Class representative service awards up to $5,000 each.

Important dates

• Deadline to File a Claim: September 11, 2024
• Final Approval Hearing: October 10, 2024

When is the MedInform, Inc. Data Settlement payout date?

The court will hold a Final Approval Hearing on October 10, 2024, to determine the fairness of the settlement. If approved, payments will be distributed to eligible class members.

Why is there a class action settlement?

The lawsuit alleges that MedInform, Inc. failed to implement adequate security measures, leading to a data breach. The settlement avoids the uncertainty and expense of litigation, providing compensation to affected individuals.