Teijin Automotive Technologies $1.2M Data Breach Settlement

If you are a U.S. resident who received notice from Teijin Automotive Technologies, Inc. around December 13, 2022, that your information may have been impacted in a ransomware attack, you may be eligible to claim up to $6,500 from a class action settlement.

Teijin Automotive Technologies, Inc. has agreed to pay $1,192,280 to settle a class action lawsuit for alleged negligence and breach of implied contract related to a ransomware attack that potentially exposed the personal information of current and former employees.

Can I Claim an Award?

To be eligible for an award, you must be a U.S. resident who received notice from Teijin Automotive Technologies, Inc. around December 13, 2022, indicating that your information may have been impacted by the ransomware attack. This notice would have included a unique Claim Number, which you will need to submit a claim.

What Awards Can I Claim?

The settlement offers several types of awards to class members:

Every class member is eligible to receive a Residual Cash Payment of up to $550. This amount may be adjusted based on the total number of claims submitted and the remaining settlement fund after other payments are made.

Class members can claim up to $500 for unreimbursed costs, losses, or expenditures incurred in responding to the ransomware attack between December 1, 2022, and the claim deadline. This includes costs associated with accessing or freezing credit reports, notary fees, postage, and credit monitoring services.

Class members can claim up to $6,500 for unreimbursed costs, losses, or expenditures that are fairly traceable to the ransomware attack and not covered under ordinary out-of-pocket losses. This includes costs related to identity theft, falsified tax returns, and other misuse of personal information.

• Residual Cash Payment: Up to $550
• Reimbursement for Ordinary Out-of-Pocket Losses: Up to $500
• Reimbursement for Extraordinary Losses: Up to $6,500
• Identity Theft Protection and Credit Monitoring Services: 2 years

If the total amount of approved claims exceeds the remaining settlement fund, the payments will be adjusted on a pro rata basis. For example, if the remaining settlement fund is $500,000 and the total approved claims amount to $1,000,000, each claim will be reduced by 50%.

Is Proof Required to Claim the Reward?

Yes, proof is required to claim the reward. Class members must provide documentation to support their claims for ordinary out-of-pocket losses and extraordinary losses. This includes receipts, bills, and other relevant documents.

• Ordinary Out-of-Pocket Losses: Receipts or other documentation not self-prepared
• Extraordinary Losses: Receipts or other documentation not self-prepared

How to Claim Your Award

To claim your award, you can submit a claim form online or by mail. To file a claim online, visit the online claim form. To submit a claim by mail, send your completed claim form and supporting documents to:

Teijin Automotive Technologies Data Settlement

Claims Administrator

P.O. Box 25397

Santa Ana, CA 92799

Ensure that your claim form is received online or postmarked by July 31, 2024.

Submitting a Claim

Follow these steps to submit your claim:

• Visit the online claim form or download a paper claim form.
• Complete the claim form with your personal information and unique Claim Number.
• Provide documentation to support your claim for ordinary out-of-pocket losses and extraordinary losses.
• Submit the completed claim form and supporting documents online or mail them to the Claims Administrator.

How do I Get Paid?

If your claim is approved, you will receive payment electronically or by check. Electronic payments can be made via PayPal, Venmo, Zelle, or MasterCard. If you prefer to receive a check, indicate this preference on your claim form.

Settlement Fund Breakdown

The total settlement amount is $1,192,280. This fund will cover various costs, including payments to class members, administration and notice costs, attorneys' fees, and a service award for the representative plaintiff.

The breakdown is as follows:

• Total Settlement Fund: $1,192,280
• Administration and Notice Costs: Approximately $81,456
• Attorneys' Fees: Up to $397,426.66
• Litigation Costs and Expenses: Up to $15,000
• Service Award for Representative Plaintiff: Up to $5,000

Important Dates

• Deadline to File a Claim: 07/31/2024
• Final Approval Hearing: 09/23/2024

When will Awards be Paid?

Awards will be paid within 30 days after the Effective Date or 30 days after all disputed claims have been resolved.

Why is There a Class Action Settlement?

The class action settlement was reached to resolve claims related to a ransomware attack that potentially exposed the personal information of current and former employees of Teijin Automotive Technologies, Inc. The lawsuit alleges that Teijin was negligent and breached implied contracts by failing to protect this information.

What Happens Next?

Next, the court will hold a Final Approval Hearing on September 23, 2024, to decide whether to approve the settlement. If approved, the Claims Administrator will process the claims and distribute the awards to eligible class members.