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Potentially Ground-Breaking Class Settlement: Data Breach Relief
Drinker Biddle via Mondaq; free registration may be required Link to more items from this source
Mar. 21, 2014
"This settlement is significant because, for the first time, plaintiffs in a data breach case who did not suffer actual damages are permitted to claim a share of the settlement funds.... [T]he significance of this agreement lies with the allocation of a fixed amount ($10 per year) targeted to funds that allegedly should have been devoted to data security investment by the defendant ... [E]ven though this particular case was directed against a healthcare industry actor, it would appear to be translatable to any other business sector handling third-party sensitive data, but especially those handling personal data (whether health or financial)."

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