Case No. 3:21-cv-00641-JCS-United States District Court Northern District of California
Notice of Paysafe Data Security Incident Class Action Settlement
A Settlement has been proposed in a class action lawsuit against Paysafe Payment Processing Solutions, LLC (“Paysafe”), relating to a Data Security Incident that Paysafe initially disclosed in or around December 2020 (the “Data Security Incident”). The Data Security Incident occurred from May 2018 to October 2020, during which time a legacy server under Paysafe’s custody or control may have been accessed without authorization. As a result, Personal Information of thousands of individuals who enrolled for merchant services with Paysafe’s affiliate(s) may have been accessed by unauthorized persons. The Personal Information obtained may have included name, contact details, Social Security number, and bank account information. If your Personal Information may have been compromised as a result of the Data Security Incident, you are included in this Settlement as a member of the Settlement Class.
Under the Settlement, Paysafe has agreed to establish a $2.0 million Settlement Fund to: (1) reimburse Settlement Class Members for up to $25,000 in Out-Of-Pocket Losses and/or Attested Time; and (2) provide cash payments to all Class Members equal to a pro rata share of what remains in the Net Settlement Fund after the funds necessary to pay all Approved Claims for Out-of-Pocket Losses and Attested Time have been deducted (“Residual Cash Payment”). The Settlement Fund will also be used to pay for the Notice and Administrative Expenses, a court-approved Service Award Payment for the named Plaintiff, and the Fee Award and Costs. In addition, Paysafe has undertaken certain remedial and enhanced security measures that they will continue to maintain.
Your legal rights are affected whether you act or don't. Read this notice carefully.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
FILE A CLAIM FORM
CLAIMS DEADLINE:
November 27, 2023
Submitting a Claim Form is the only way that you can receive reimbursement for Out-of-Pocket Losses and/or Attested Time.
If you submit a Claim Form, you will give up the right to sue Paysafe and certain related parties in a separate lawsuit about the legal claims this Settlement resolves.
EXCLUDE YOURSELF FROM THIS SETTLEMENT
OPT-OUT DEADLINE:
November 27, 2023
This is the only option that allows you to sue, continue to sue, or be part of another lawsuit against Paysafe, or certain related parties, for the claims this Settlement resolves.
If you exclude yourself, you will give up the right to receive any Settlement Benefits from this Settlement.
OBJECT TO OR COMMENT ON THE SETTLEMENT
OBJECTION DEADLINE:
November 27, 2023
You may object to the Settlement by writing to the Court and informing it why you do not think the Settlement should be approved. You can also write the Court to provide comments or reasons why you support the Settlement. You may also object to the Settlement by appearing at the Final Approval Hearing via Zoom, at https://cand-uscourts.zoomgov.com/j/1619260804?pwd=RE5qWDhGOTdWWTZUOFlOKzhNc3pjZz09 Webinar ID: 161 926 0804; Password 050855.
If you object, you may still file a Claim Form to receive reimbursement for Out-of-Pocket Losses and/or Attested Time and you will also be entitled to receive a Residual Cash Payment, but you will give up the right to sue Paysafe in a separate lawsuit about the legal claims this Settlement resolves.
ATTEND THE "FINAL APPROVAL"HEARING
DATE:FEBRUARY 02, 2024 9:30 AM PT
You may attend the Final Approval Hearing remotely by Zoom where the Court will hear arguments concerning approval of the Settlement. You are not required to attend the Final Approval Hearing.
DO NOTHING
If you do nothing, you are only entitled to receive a Residual Cash Payment and you will give up your rights to sue Paysafe and certain related parties for the claims this Settlement resolves.
These rights and options—and the deadlines to exercise them—are explained in this Notice.
The Court in charge of this case still has to decide whether to approve the Settlement. No Settlement Benefits or payments will be provided unless the Court approves the Settlement and it becomes final.
This website is authorized by the Court, supervised by counsel and controlled by Kroll Settlement Administration LLC, the Settlement Administrator approved by the Court. This is the only authorized website for this case.
Call
833-910-3608
Mail
Kroll Settlement Administration LLC c/o Kroll Settlement Administration P.O. Box 5324 New York, NY 10150-5324
Click here to safely and securely submit a Claim Form.
Important Dates
Exclusion Deadline.
Monday, November 27, 2023
You must complete and mail your request for exclusion form so that it is postmarked no later than Monday, November 27, 2023.
Objection Deadline.
Monday, November 27, 2023
You must mail your objection(s) and/or notice of intent to appear at the Final Approval Hearing so that it/they are postmarked no later than Monday, November 27, 2023.
Claim Form Deadline.
Monday, November 27, 2023
You must submit your Claim Form on-line no later than November 27, 2023, or mail your completed paper Claim Form so that it is postmarked no later than Monday, November 27, 2023.
Final Approval Hearing Date.
Friday, February 2, 2024
The Final Approval Hearing is scheduled for Friday, February 2, 2024. Please check this website for updates.
