Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.Case Summary:
American Bank Systems, Inc. (ABS) is settling a class action centering on a 2020 criminal cyberattack on its systems that compromised personally identifiable information (PII).Docket Number:
5:20-cv-01307-G, 5:21-cv-00023-G, and 2:20-cv-01959-RJC
Company: American Bank Systems, Inc.
Filing Deadline: September 6, 2022
Objection Deadline: June 30, 2022
Exclusion Deadline: June 30, 2022
Final Approval Hearing: July 29, 2022Proof of Purchase:
You do not need to provide proof if you are making only an Inconvenience Claim. If you want to make a Documented Loss Claim, you must provide documentation.Eligibility:
You may be eligible if (1) you are an individual in the US, including its territories and the District of Columbia, and (2) your PII was compromised in the data security incident involving ABS which occurred between October and November 2020.Typical Settlement Amount:
Benefits: (1) Inconvenience Claim payment: Cash payment of an equal share of the net settlement fund after all other costs and claims are paid. (2) Documented Loss Claim: Up to $5,000 for documented, unreimbursed, out-of-pocket expenses incurred as a result of identity theft or fraudulent activity activity that occurred after October 1, 2020. If the total of all valid Documented Loss Claims exceeds $1,700,000, amounts will be subject to a pro-rata reduction.
Total Settlement Amount: $1.7 millionClass Representative Proposed Incentive Fee:
Carlson Lynch Sweet & Kilpela
Scott + Scott Attorneys at Law LLP
Case Name: McPherson v. American Bank Systems, Inc., Lyles v. American Bank Systems, Inc., and Lautman v. American Bank Systems, Inc.
Settlement Website: American Bank Systems Data Breach Settlement Website
Analytics Consulting LLC
American Bank Systems, Inc. Data Security Incident Settlement
c/o Analytics Consulting LLC
P.O. Box 2009
Chanhassen, MN 55317-2009