A proposed settlement has been reached in a class action lawsuit titled, Hummel v. Teijin Automotive Technologies, Inc., No. 2:23-cv-10341 (E.D. Mich.) (the “Lawsuit”). The Lawsuit asserts claims against Teijin related to a ransomware attack about which Teijin notified potentially impacted individuals in December 2022 (the “Ransomware Attack”). Teijin denies all of the claims and denies that it did anything wrong.
The settlement offers potential cash payments, reimbursements, and identity-theft protection and credit monitoring service to all individual U.S. residents to whom Teijin sent notice, on or about December 13, 2022, that their information may have been impacted in the Ransomware Attack (“Settlement Class Members”), as follows:
A Residual Cash Payment of up to $550.00. Claims for Residual Cash Payments of a maximum value of $550 will be decreased pro rata to consume the remaining amount of the Settlement Fund after payment for Claims for Ordinary Out-of-Pocket Losses, Claims for Extraordinary Losses and Attested Time, costs of Credit Monitoring Services, notice and administration costs, service award payments approved by the Court, and attorneys’ fees and expenses awarded by the Court,
Reimbursement of Ordinary Out-of-Pocket Losses up to $500 per individual for unreimbursed costs, losses, or expenditures incurred in responding to notice of the Ransomware Attack that were incurred between December 1, 2022 and the Claims Deadline,
Reimbursement of Extraordinary Losses up to $6,500 per individual for unreimbursed costs, losses, or expenditures that are fairly traceable to the Ransomware Attack and not reimbursable as Ordinary Out-of-Pocket Losses,
Settlement Class Members with valid, documented Extraordinary Losses may also submit a claim for up to 10 hours of time spent remedying issues related to the Ransomware Attack at a rate of $30 per hour by providing an attestation and a brief description of: (1) the actions taken in response to the Ransomware Attack; and (2) the time associated with each action (“Attested Time”), and/or
2 years of identity theft protection and credit monitoring services.
IF YOU ARE A CLASS MEMBER, YOUR OPTIONS ARE: | DEADLINES | |
|---|---|---|
SUBMIT A CLAIM FORM | You must submit a valid claim form to receive a payment from this Settlement. | July 31, 2024 |
DO NOTHING | You will receive no payment and will no longer be able to sue Defendant over the claims resolved in the Settlement. | N/A |
EXCLUDE YOURSELF | You may exclude yourself from this Settlement and keep your right to sue separately. If you exclude yourself, you receive no payment. Exclusion instructions are provided in FAQ18. | July 1, 2024 |
OBJECT | If you do not exclude yourself, you may write to the Court to comment on or detail why you do not like the Settlement by following the instructions in FAQ21. The Court may reject your objection. You must still file a claim if you desire any monetary relief under the Settlement. | July 1, 2024 |
The Court must give final approval to the Settlement before it takes effect but has not yet done so. No payments will be made until after the Court gives final approval and any appeals are resolved.
Upcoming Important Dates
Final Approval Hearing/Fairness Hearing at 11:00 a.m. (Courtroom 717)
9/23/2024