Governance , Incident & Breach Response , Legislation & Litigation
Plaintiffs' Attorney Says Settlement Totals 'Tens of Millions of Dollars' Marianne Kolbasuk McGee (HealthInfoSec) • December 9, 2019A federal court has granted preliminary approval of a multi-million dollar settlement of a consolidated class action lawsuit filed against Banner Health in the wake of a massive 2016 breach of healthcare and financial information.
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Under the preliminary settlement approved on Dec. 5, the Phoenix-based healthcare delivery network has agreed to pay up to $6 million to class members for reimbursement of expenses related to the breach. The court approved the settlement class as including 2.9 million individuals.
As part of the settlement of the litigation, which consolidated 11 class action lawsuits, Banner Health will also pay for two additional years of credit monitoring for settlement class members in addition to the one year of credit monitoring it originally offered.
That additional credit monitoring coverage includes up to $1 million reimbursement insurance from AIG covering losses due to identity theft and stolen funds.
Banner Health has also agreed to pay $2.9 million for legal costs incurred by plaintiffs' attorneys in the case, settlement documents show.
Paul Stoller of the Phoenix, Arizona-based law firm Dalimonte Rueb Stoller LLP, who is a lead ..
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