Consumer Data Breach Settlement
U.S. District Court, Northern District of California
Settlement Fund
$47.5M
$47,500,000.00 total
Attorney Fees
$15.8M
33.3% of fund
Per Member Payout
$7.00
6,800,000 class members
TechVault suffered a data breach exposing personal information of 6.8 million users including SSNs, financial data, and health records. The proposed settlement creates a $47.5M fund, but after attorney fees of $15.8M (33%), administrative costs, and a cy pres distribution to a digital privacy nonprofit, individual class members are expected to receive approximately $7.00 each — despite each facing years of identity theft risk.
Fairness Assessment
2.1
Unfair
Red Flags
Attorney fees exceed 30% of fund
Per-member payout under $10
Large cy pres distribution to non-class entities
Claims process requires extensive documentation