As reported by Law360, Northern District Judge Lucy H. Koh has issued an order granting final approval to a $115 million settlement of the class action lawsuit against Anthem, Inc. over data breach and hacking originally revealed in early 2015. The intrusion into Anthem’s system, which occurred after what plaintiffs claimed was Anthem’s failure to implement and abide by standard security protocols, resulted in the exposure of identifiable personal information and health information belonging to nearly 80 million of Anthem’s members.
Judge Koh ruled that the agreement, proposed in 2017, was “fair, reasonable and adequate.” It provides affected customers with two years of credit monitoring, compensation for customers who purchased their own credit monitoring, and funds for out-of-pocket expenses relating to the data breach.
Lieff Cabraser partner Michael W. Sobol serves on the Plaintiffs’ Steering Committee in the litigation as part of the firm’s representation of affected members. You can read the full story on Law360.com (subscription).