Settlement claims are one way to achieve justice through financial compensation out of a class action lawsuit. Generally speaking, when a company violates your rights or an agreement not just between you but multiple others, you have a far better chance of winning in court if you decide to sue if you do so through a class action case. A major company recently decided to settle a 2024 data breach violation with class members. However, certain qualifications must be met to apply.
How to receive compensation through class action lawsuits
A class action lawsuit is filed when a large group of individuals has suffered a common violation or harm from a major corporation or business. While they can occur against an individual, it is more common for lawsuits of this type to be against an institution. This is because the collective power of the class can seek justice against an entity that has access to more resources.
By suing as a class, plaintiffs can share legal costs and expose wrongdoing at a systemic level rather than as an individual grievance. This holds powerful corporations accountable and puts increased pressure on them to change their policies so that the same violation does not happen to other consumers. The biggest advantage of these types of lawsuits however is that you are more likely to be compensated for damaged incurred towards you.
The deadline for this $3,500 settlement is in 3 days
Recently, Tyler Technologies, Inc,. has agreed to settle a class action lawsuit brought against it over a 2024 data breach violation. The company specializes in providing software and technological services to public sector agencies. The class action suit alleged that Tyler Technologies did not protect plaintiffs data as they should have in the data breach.
“In addition to engaging a nationally recognized, third-party cybersecurity firm to investigate, we also contacted law enforcement,” described Tyler Technologies in a statement in April 2024.
The settlement was approved in January of this year. To be eligible to receive compensation, you must be one of the company’s consumers who was informed that their data has been compromised. As part of the settlement deal, affected class members can submit a claim to receive three years of credit monitoring and identity theft protection services, which applies to all members whether or not they have previously subscribed to these services through Tyler.
The deadline for class members to submit a claim to partake in the settlement is May 29. Members can choose to submit online or mail in their claims. A part of the claim, you will need to provide Tyler Technologies with your claimant ID, which can be found in the claim notice sent to class members. Additionally, claim members can receive up to $3,500 in reimbursement for documented, unreimbursed monetary losses due to financial fraud or identity theft as a result of the data breach between March 23, 2024, and May 29, 2025.
Next steps for plaintiffs
Final approval of the settlement is subject to review by the courts on August 21 of this year. The settlement payouts will only be sent to claim members if the court approves the settlement after this date. However, ensure that you get your application in now before the May deadline if you want to receive your payment.
The data breach was caused by an unauthorized third party who gained access to client data regarding Tyler Technology’s STAR application. This application is used by Securities and Banking, the U.S. Securities and Exchange Commission, and banking institutions. Stolen information included Social Security numbers, email addresses, phone numbers, and taxpayer identification numbers. For more information about this settlement, you can visit Top Class Actions and get informed about how to file a claim.
