Faneuil data breach class action settlement – Top Class Actions




Faneuil agreed to a class action settlement to resolve claims its lax security measures resulted in an August 2021 data breach.
The settlement benefits consumers who were mailed a notification that their personal identifying information (PII) was impacted by the Faneuil data breach discovered Aug. 18, 2021.
In late August 2021, Faneuil announced it had detected a ransomware attack earlier in the month. During the data breach, third parties reportedly gained access to employee information such as names, employment data, Social Security numbers, contact information and more.
Affected consumers took legal action against the company, arguing Faneuil should have better protected their information through reasonable cybersecurity measures. By failing to do so, Faneuil negligently caused the data breach, the plaintiffs contend.
The data breach class action lawsuit also challenged the company’s response to the data breach. Despite learning of the incident in August 2021, Faneuil allegedly failed to immediately inform affected current and former employees. Instead, the plaintiffs say, Faneuil waited until February 2022 to mail notifications to affected consumers.
“When a data set that is inclusive of the aforementioned PII is breached, every moment is precious to ensure that that data is not then weaponized against the rightful owner of that data through identity theft,” the data breach class action lawsuit maintains.
Faneuil hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve these allegations.
Under the terms of the Faneuil data breach settlement, class members can receive cash reimbursement for data breach losses. 
Class members can claim up to $500 for ordinary losses such as bank fees, communication charges and credit related charges. This $500 cap also includes claims for lost time. Class members can claim up to three hours of lost time at a rate of $20 per hour, for a maximum lost time payment of $60. Class members who lived in California at the time of the breach can collect an additional $50 cash payment, subject to the $500 ordinary loss limit.
Individuals who experienced actual, documented and unreimbursed losses as a result of the data breach can collect up to $5,000 for these extraordinary expenses. 
All class members can receive two years of Pango’s Financial Shield identity theft protection. In addition, class members will benefit from business and security changes made by Faneuil to better protect their data.
The deadline for exclusion and objection is Jan. 3, 2023. 
The final approval hearing for the settlement is scheduled for Feb. 16, 2023.
In order to receive settlement benefits, Class members must submit a valid claim form by Feb. 1, 2023.
Consumers who were mailed a notification that their personal identifying information (PII) was impacted by the Faneuil data breach discovered Aug. 18, 2021
Varies
Supporting documentation may include, documented out-of-pocket expenses and documented, unreimbursed extraordinary monetary losses as a result of the Data Incident.
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
02/01/2023
Pagan, et al. v. Faneuil Inc, Case No. 3:22-CV-297, in the U.S. District Court for the Eastern District of Virginia
02/16/2023
FaneuilDataSettlement.com
Faneuil Claims Administrator
P.O. Box 2867
Baton Rouge, LA 70821
[email protected]
844-544-0537
David Lietz
MILBERG COLEMAN BRYSON PHILLIPS GROSSMAN PLLC
James Lee
BOIES SCHILLER FLEXNER LLP
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