Accellion Could Pay $8.1M In Settlement Over Data Breach

By Matt Perez (June 14, 2022, 4:38 PM EDT) — A proposed class whose data was allegedly exposed by a hack on file transfer software vendor Accellion has filed for preliminary approval of a settlement with the company for $8.1 million on Monday, potentially resolving claims against Accellion but not its customers, which include BigLaw firms, corporations, banks and universities.

The proposed settlement filed for approval in the Northern District of California would establish a nonreversionary cash fund of $8.1 million to pay for claims, notice and administration costs, any service awards, and any fee award and costs awarded by the court. Class members would have the option of receiving two…

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