Americans could get $3,000 checks from Pistol data breach settlement — and there are two ways to get paid.
Crossbreed Holsters has agreed to settle a class action lawsuit for $195,000 to resolve allegations that it failed to prevent a 2022 data breach.
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The settlement will benefit individuals who received a data breach notification from Crossbreed Holsters informing them of the data breach the company discovered on December 5, 2022.
The data breach class action lawsuit alleges that Crossbreed Holsters failed to protect consumer information from a breach.
It is also alleged to have compromised sensitive information such as personal identifiers and financial account numbers.
Crossbreed Holsters is a gun holster company that sells holsters for various weapons Models.
The company did not admit to any wrongdoing but agreed to a $195,000 settlement to resolve the data breach class action lawsuit.
How much can you get
Under the settlement, class members can receive compensation for normal, documented expenses related to the data breach such as banking fees, telecommunications fees, travel expenses and credit-related costs.
The large payment can be combined with up to three hours of lost time at a rate of $35 per hour — meaning you can get a total of $500 in compensation for regular expenses and lost time.
Class members who experienced extraordinary losses as a result of a data breach can receive a larger payment of up to $2,500 for documented unrecovered financial losses that were more likely caused by the data breach.
This reimbursement category may include damages such as fraud or identity theft.
Class members who have not experienced any out-of-pocket losses may elect to receive an alternative cash payment in lieu of repayment.
Payments vary depending on the number of claims submitted for settlement.
Currently no payment estimates are available.
Crossbreed Holsters has also agreed to improve its data security measures to better protect consumer information.
Are you eligible?
Those who received a data breach notification informing them that their information may have been compromised in the Crossbreed Holsters data breach discovered on December 5, 2022, are eligible.
You must fill out a claim form, and also have documentation of incidental losses such as bank and phone statements Bills and receipts, to name a few.
What are the deadlines?
the Delivery time A date for exclusion and objection has been set on January 9, 2025.
The final settlement approval hearing is scheduled for March 11 of this year as well.
Class members must submit a valid claim form by January 9, 2025 to receive the settlement benefits.
What is a class action settlement?
Class action lawsuits provide groups of people, or “classes,” a way to band together in court.
These lawsuits are often brought by one or a few people who allege that a company or other entity has wronged a large group of people.
When a lawsuit becomes a class action, it extends to all “class members,” or people who may have complaints similar to those who filed the lawsuit.
Companies often settle class actions—offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payment agreements often include statements from the defendant denying any wrongdoing. Companies tend to settle class actions to avoid the costs of further lawsuits.
Pollution, discrimination, or false advertising are some examples of what could land a class action lawsuit on a company's doorstep.
