If You Are Or Were A Client Of D.A. Davidson & Co. Whose Personal Information Was Included In A Database Maintained By Davidson, Which Database Was Subjected To An Alleged Illegal Hack On Or About December 20, 2007, You May Be Entitled To Make A Claim For Damages Reimbursement From A Class Action Settlement.
A class action settlement has been reached in a class action lawsuit against D.A. Davidson & Co. (“Davidson” or “Defendant”) in the United States District Court for the District of Montana, Billings Division (captioned Jason Pinter, Lowell Dennis Schafer, and Angela Tate, individually and on behalf of all others similarly situated, v. D.A. Davidson & Co., Case No. 09-cv-59-BLG-RFC), alleging, among other things, that on or about December 20, 2007, a database (“Database”) containing certain confidential personal information of Davidson’s then current and former clients (“Stolen Information”) was compromised by a computer hacker who illegally obtained access to that Stolen Information through a sophisticated network intrusion and alleging violations of the Federal Fair Credit Reporting Act 15 U.S.C. 1681 et seq., breach of contract, violations of the Montana Consumer Protection Act 30-14-101, et seq., MCA, negligence and negligence per se, according to the D.A. Davidson & Co. privacy & data breach class action lawsuit settlement notice.
The D.A. Davidson & Co. privacy & data breach settlement class reportedly includes any and all persons, unless otherwise excluded, whose personal information was included in the Database and which Database was subjected to the alleged illegal hack that occurred on or about December 20, 2007.
Davidson has reportedly agreed to a settlement amount $1,000,000 to pay valid and timely claims of Class members for damage reimbursement. Settlement claims reportedly must be postmarked by no later than June 1, 2011. Davidson has reportedly agreed to reimburse each Settlement Class Member who files a timely and valid claim in the amount (or a lesser pro rata amount) of any actual and unreimbursed out-of-pocket damages (other than the expenditure of time) (e.g., bank overdraft charges) that: (a) directly resulted from identity theft caused by the Stolen Information; and (b) occurred during the time period from December 20, 2007 through and including June 1, 2011, provided that claims for credit monitoring shall not qualify as reimbursable damage. No Settlement Class Member may recover more than $10,000.00 in total from Davidson for all damages he/she shows he/she suffered.
For more information on the D.A. Davidson & Co. privacy & data breach class action lawsuit settlement, visit the D.A. Davidson & Co. privacy & data breach class action settlement website:
www.dadsettlement.com
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