AvMed's $3M Pact Blazes New Path For Data Breach Plaintiffs

Law360, New York (October 28, 2013, 10:23 PM ET) -- Health coverage company AvMed Inc. last week reached a $3 million data breach settlement that for the first time allows plaintiffs who did not suffer identity theft to claim funds, a groundbreaking pact attorneys say is likely to serve as a template for other plaintiffs in class actions over data breaches.

In addition to returning money to those who suffered identity theft as a result of the 2009 theft of laptop computers with the personal information of 1.2 million customers, the cutting-edge settlement also requires AvMed...
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