Reputable Arizonan pecan grower Green Valley Pecan Company had a big data breach in May 2022 that exposed thousands of customers’ private information. Despite the company’s quick notification of the affected parties, the damage had already been done, and hackers may have gained access to confidential information.
Consequently, the corporation was sued for allegedly lacking basic security measures and defense against cyberattacks. As an extra precaution against future harm, all impacted parties in the lawsuit will receive two years of free credit monitoring and identity theft protection in addition to monetary compensation. The settlement’s final approval hearing will be on January 10, 2025 and the court will decide at this hearing whether to finalize the agreement.
Green Valley $4,000 Direct Deposit from this Settlement
Green Valley Pecan Company was accused by the plaintiffs of failing to put in place sufficient security measures to stop the data breach or lessen its effects. The lawsuit claims that the impacted parties suffered a variety of losses as a result of the cybersecurity negligence that exposed a large amount of personal data. The lawsuit’s plaintiffs contend that Green Valley Pecan exposed consumer data to attackers by failing to implement sufficient security measures.
The company’s security procedures, they contend, were insufficiently strong to lessen the impact of the hack. They claim that the victims of this negligence should receive hefty payment. In exchange for settling the lawsuit, the business has promised to reimburse the impacted clients for a range of losses.
Green Valley Pecan Company Data Breach 2024 Details
| Case known as | Maria Barrios v. Farmers Investment Co. d/b/a Green Valley Pecan Company |
| Place | Maricopa County, Arizona. |
| Amount | $4,000 |
| Payment Date | Updating soon |
| Final approval hearing | January 10, 2025 |
| deadline to object | November 15, 2024 |
| Last day for others to file claims | December 16, 2024 |
| Official Website | www.ficodatasettlement.com |
Compensation Amount
Compensation for breach victims is available, but the amount varies based on the type of losses sustained. distinct types of compensation fall under two categories.
- Ordinary Losses: Up to $400 may be claimed by victims for small annoyances such bank fees, phone bills, or travel expenses incurred in order to address problems brought on by the breach. For time spent resolving these issues, there is a $15 hourly charge, with a three-hour maximum. To be Green Valley $4,000 Direct Deposit 2024 Eligible, you must provide proof of these costs.
- Serious Losses: As a result of the data breach, some consumers experienced more serious repercussions, like fraud or identity theft. In certain situations, victims may be eligible for compensation of up to $4,000; however, they will need to present supporting documents for their claims.
Deadlines and Final Settlement Hearing
It is vital that you take action if you are affected by the breach or are a party to this case. The deadline to object or exclude oneself from the Green Valley’s data breach is November 15, 2024, for claimants who want to file a separate claim. The last day for others to file claims is December 16, 2024.
To file your claim, you will need to provide evidence of breach-related expenses, such as credit reports, phone bills, or bank records. January 10, 2025 is the date of the settlement’s final approval hearing. A judge will determine whether the conditions of the settlement are reasonable and equitable for each party during this hearing. The settlement will take effect and compensation will be disbursed in accordance with its approval.
How to File a Claim and required Proof
You have to submit a timely and valid online claim form by December 16, 2024, or postmark it by that date in order to be eligible for payment. You can either call the administrator directly to request that a claim form be mailed to you, or you can submit a claim form via FicoDataSettlement.co, and to prove ordinary and extraordinary losses, you must present supporting proof.
You might be required to submit supplementary proof for extreme losses, proving that the loss was real, recorded, and unreimbursed, and that the Farmers Investment Company (also known as FICO) data breach incident was most likely the reason.
Class Action Lawsuits
- Consumers impacted by data breaches can use class action lawsuits, such as the one filed against Green Valley Pecan Company, as important legal instruments. These legal actions give a collection of persons with related grievances the opportunity to band together and bring a single, sizable case, offering resources and combined strength that may be lacking in individual cases.
- The original complaint is usually filed by a small number of people, but many more impacted parties can join when it is accepted as a class action. This team effort raises the possibility of a better settlement and assists in paying legal fees. Although class members usually forfeit their right to bring further lawsuits after accepting settlement amounts, settling is a means to end the dispute without going to court.
- Class action settlements are frequently reached where there has been widespread harm, including in the instance of data breaches, discrimination, or pollution. Together, impacted parties can demand justice and seek compensation for the financial hardships brought on by corporate negligence. Whether you decide to join this class action or file a lawsuit on your own, protecting your data is still of utmost importance.
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Juniper Leena is a lawyer and finance graduate. She loves to write articles about the USA economy and social security. In her free time, she enjoys playing chess. She is the head of the writing team at Fort Hunt Herald and reports to Niamh Prescott. She also completed her MBA in finance in 2018.