Horizon Actuarial data breach $8.73M class action settlement

Update:

• The court granted this settlement final approval April 2, 2024.
• Let Top Class Actions know when you receive a check in the comments section below or on our Settlements & Payouts Facebook group.

Horizon Actuarial Services agreed to a class action lawsuit settlement of more than $8.73 million to resolve claims that it failed to prevent a 2021 data breach.

The settlement benefits individuals whose personal information was compromised in a Horizon Actuarial Services data breach that occurred in November 2021.

According to the data breach class action lawsuit, Horizon Actuarial Services failed to take reasonable cybersecurity measures that could have prevented a November 2021 data breach. These failures allegedly allowed hackers to access consumer names, Social Security numbers, birth dates and plan information.

Horizon Actuarial is an actuarial consulting firm that specializes in multiemployer plan benefits.

The company hasn’t admitted any wrongdoing but agreed to a $8,733,446.36 settlement to resolve the data breach class action lawsuit.

Under the terms of the settlement, class members who experienced unreimbursed losses as a result of the data breach can receive up to $5,000 in out-of-pocket loss reimbursement. In order to receive this compensation, claimants must provide documentation of the losses they sustained. Class members can also receive up to $125 for five hours of lost time compensated at a rate of $25 per hour.

All claimants are eligible for a one-time payment of around $50. Claimants from California can receive an additional $50 payment. However, these payments may be decreased depending on the number of claims filed and the amount left in the settlement fund after fees, costs and other deductions.

The deadline for exclusion and objection is Jan. 22, 2024.

The final approval hearing for the settlement is scheduled for March 25, 2024.

In order to receive settlement benefits, class members must submit a valid claim form by Feb. 21, 2024.

Who’s Eligible

Individuals whose personal information was compromised in a Horizon Actuarial data breach that occurred in November 2021.

Potential Award

$5,225

Proof of Purchase

Receipts or other documentation of out-of-pocket losses. “Self-prepared” documents, such as handwritten receipts, are not sufficient documentation.

Claim Form

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.

Claim Form Deadline

02/21/2024

Case Name

Sherwood, et al. v. Horizon Actuarial Services LLC, Case No. 1:22-CV-01495-ELR, in the U.S. District Court for the Northern District of Georgia

Final Hearing

03/25/2024

Settlement Website

HorizonDataSettlement.com

Claims Administrator

Horizon Actuarial Settlement Administrator
PO Box 4298
Portland, OR 97208-4298
877-395-9210

Class Counsel

Terence R Coates
MARKOVITS STOCK & DEMARCO LLC

Gary M Klinger
MILBERG COLEMAN BRYSON PHILLIPS GROSSMAN PLLC

Kenya J Ready
MORGAN & MORGAN

Defense Counsel

John J Sullivan
Max E Kaplan
COZEN O’CONNOR

Hsiao C (Mark) Mao
BOIES SCHILLER FLEXNER