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Understanding the Netgain Data Breach and Its Settlement

In recent news, individuals who received a data breach notification from a medical provider or accounting firm between April 2021 and October 2022 may be eligible to join a class-action settlement related to a significant data breach experienced by Netgain Technology, LLC. The incident, which reportedly compromised sensitive personal and health-related information, raises critical questions about data security and individuals' rights.

Background of the Data Breach

The data breach at Netgain is alleged to have occurred between September and November 2020 when unauthorized access to the company's computer systems allowed intruders to view and extract sensitive data. This breach primarily affected healthcare providers and accounting firms that relied on Netgain for data management and storage services. The settlement focuses on those who had their information revealed to unauthorized parties during this time.

Who is Eligible for Compensation?

The proposed settlement affects individuals residing in the United States who potentially had their data compromised. If you received a notification regarding the breach, you could be a member of the Settlement Class, which is defined as all persons whose personal or health-related information was disclosed in the breach. This could include your name, address, health information, and even social security numbers, depending on the data that was stored.

What Can You Expect from the Settlement?

Netgain has set aside $1,900,000 for this class-action settlement, which will provide compensation based on documented claims. Class Members have two options:

• - Option A: Claim reimbursement for documented out-of-pocket losses related to the data breach, which could amount to as much as $5,000, along with an additional payment of $75 for up to three hours of documented time spent dealing with the aftermath of the breach.
• - Option B: Receive a proportional cash payment based on the total amount remaining in the Settlement Fund after legal and administrative expenses have been deducted, alongside the claims paid out to other Class Members.

How to File a Claim

To participate in the settlement, affected individuals must complete and submit a Claim Form. This form can be submitted either online or via U.S. Mail by the deadline of September 17, 2025. You can download the Claim Form and find more related documents at www.NetgainClassActionSettlement.com.

Your Choices Moving Forward

If you believe your data has been compromised, it is crucial to act before deadlines pass. Here are your options:

• - Do Nothing: If you opt not to participate, you will not receive any benefits but will still be bound by the terms of the settlement.
• - Exclude Yourself: By opting out, you forfeit any claim to the settlement benefits but can pursue legal recourse independently. Exclusion requests must be submitted no later than September 2, 2025.
• - Object to the Settlement: If you disagree with the settlement terms, you can voice your concerns by objecting in writing to the Settlement Administrator before the September 2 deadline.

The court hearing for final approval of the settlement is scheduled for October 30, 2025. During this hearing, any fee requests or concerns from Class Members will be addressed. You may attend the hearing yourself, but this is not compulsory.

Additional Information

For further details, you can visit www.NetgainClassActionSettlement.com or contact the Settlement Administrator at 1-888-678-2591. As with any legal matter, it's crucial to stay informed and take the necessary steps to protect your rights. Don’t miss the opportunity to claim your potential compensation from this data breach settlement.