PracticeMax $3,000,000 Settlement: Claim Your Data Breach Compensation

If you're among the individuals notified by PracticeMax about a data breach that occurred in early 2021, you might be entitled to compensation as part of a class action settlement. This settlement is designed to address the unauthorized access to a database containing sensitive personal information, including full names, Social Security numbers, financial account information, and more.

Who Benefits?: Individuals who received a data breach notice from PracticeMax.

How much can I get?: Compensation may include up to $3,500, credit monitoring services, and other potential benefits.

Important Dates

• Fairness Hearing: March 14, 2024, at 9:30 A.M. MST.
• Deadline to File a Claim: February 24, 2024.
• Deadline to Exclude Yourself from the Settlement: January 25, 2024.

Identifying Eligible Class Members

The settlement class includes anyone who received a notice from PracticeMax regarding the data breach incident. If you're part of this group, you may be eligible for various benefits under the settlement terms. The class action aims to cover a wide array of personal information that could have been compromised.

• Individuals who received a data breach notice
• Excludes individuals who request exclusion, certain related persons, and those criminally involved in the incident

If you do not take action, you will not receive any benefits and will forfeit the right to sue PracticeMax separately about the data breach.

Breakdown of Settlement Benefits

Class members can claim different types of compensation based on the impact of the data breach on their lives. The settlement provides for lost time, ordinary losses, and extraordinary losses in case of actual identity theft.

• Lost Time Compensation: Up to $75 for time spent dealing with the data breach aftermath.
• Ordinary Losses: Up to $500 for documented out-of-pocket expenses.
• Extraordinary Losses: Up to $3,500 for documented identity theft-related monetary losses.

The Incident Leading to the Settlement

The settlement addresses the unauthorized access to PracticeMax's database, which potentially exposed personal information. The incident led to the class action lawsuit, alleging inadequate protection of sensitive data.

• Unauthorized access to personal information
• Compromise of names, Social Security numbers, and more

Is Proof Required to Claim the Reward?

Yes, claimants must provide documentation to support their claims for compensation. This includes proof of time spent dealing with the breach and any financial losses incurred as a direct result.

How to Claim Your Award

To claim your award, you must submit a valid claim form by the deadline of February 24, 2024. The claim form can be completed and submitted online at the official settlement website.

For those preferring a paper claim form, you can request one from the Claims Administrator by calling 1-877-399-1153 or by writing to the provided address.

Analyzing the Settlement Amount

The total financial obligation of PracticeMax under the settlement is capped at $3,000,000. This amount covers compensation for class members, administrative costs, attorneys' fees, and service awards for the plaintiffs.

The settlement amount was determined through negotiations, weighing the potential risks and costs of continued litigation against the benefits of a settlement.

The Reason Behind the Class Action Settlement

The settlement concludes a lawsuit alleging that PracticeMax failed to protect private information adequately, leading to the data breach. The settlement is a compromise to end the lawsuit without an admission of wrongdoing by PracticeMax.

The settlement provides compensation to affected individuals and mandates remedial measures to prevent future incidents. The final approval of the settlement is pending a fairness hearing.