#USA #Irvine #Data Breach #Netgain #CPT Group

Overview of the Class Action Settlement

In light of recent breaches affecting consumers, CPT Group, Inc. has announced a proposed settlement pertaining to the case "In re Netgain Technology, LLC, Consumer Data Breach Litigation". This issue originates from a data breach that occurred during late 2020, affecting numerous individuals who entrusted their sensitive information—including personal and health-related data—to Netgain Technology, LLC.

Details of the Breach

The incident reportedly spanned from September to November 2020, when unauthorized access was achieved to the systems of Netgain, which handles data for various healthcare providers and accounting firms. This breach has raised serious concerns over data privacy and has prompted formal legal action against Netgain.

Who is Affected?

The class for this settlement includes any individuals residing in the United States who might have had their personal or health-related information exposed to unauthorized parties during the aforementioned period. The proposed deal aims to ensure that those affected receive compensation for the impact of the breach.

Compensation Offered

Under the terms of the settlement, Netgain has agreed to create a settlement fund totaling $1,900,000. Class members who submit valid claims could receive various forms of compensation, including:
1. Reimbursement for Documented Losses: A maximum of $5,000 for out-of-pocket losses can be claimed.
2. Time Compensation: Class members can claim up to $75 per hour for three hours of time spent addressing problems resulting from the data breach, with a maximum of $5,000.
3. Cash Payment: Alternatively, claimants might opt for a fixed cash sum proportionate to the remaining funds in the settlement pool after covering expenses relating to notification, administration, and legal fees.

How to File a Claim

To be eligible for compensation, affected individuals must submit a Claim Form, which can be filled out and sent online or via U.S. Mail before the deadline of September 17, 2025. The Claim Form is available on NetgainClassActionSettlement.com.

Other Options and Considerations

Those who received notification about the breach have several choices:

• - Do Nothing: By taking no action, you forfeit any benefits from the settlement yet remain bound by its terms.
• - Opt-Out: If you choose to opt out, you will not receive any benefits but maintain your legal right to pursue claims against Netgain separately. Opt-out requests must be submitted by September 2, 2025.
• - Object to the Settlement: If you disagree with the settlement terms, you can file an objection. Written notifications of objections must also be received by the administrator by the same deadline.

Upcoming Hearing

A final hearing is set to occur on October 30, 2025, at 9:30 AM Central Time, where the court will evaluate whether to approve the settlement and any legal fees requested. Individuals are welcome to attend the hearing or may choose to hire an attorney to represent them.

Additional Information

For further details, including an extensive notice, the Claim Form, and a complete list of affected providers, please visit NetgainClassActionSettlement.com. Conversely, for inquiries, you can reach the settlement administrator at 1-888-678-2591 or via email at [email protected], or write to the designated address provided by the CPT Group. It is crucial not to contact the court or the Clerk’s office with any questions or concerns regarding this settlement.