DataBreaches.net

DataBreaches.net

The Office of Inadequate Security

Menu
  • Breach Laws
  • About
  • Donate
  • Contact
  • Privacy
  • Transparency Reports
Menu

Court to Notify Countrywide Customers About a Class Action Settlement Involving the Theft of Personal and Financial Data

Posted on April 12, 2010April 12, 2010 by Dissent

A press release from the United States District Court for the Western District of Kentucky:

A notification program began today in the United States, including Puerto Rico and recognized territories of the U.S., as ordered by the United States District Court for the Western District of Kentucky (the “Court”), to alert people who provided their personal information or made mortgage payments to Countrywide about a proposed settlement reached with Countrywide Financial Corporation, Countrywide Home Loans, Inc., Countrywide Bank, FSB, Full Spectrum Lending Division, and Bank of America Corporation (together called “Countrywide” or the “Defendants”) in a class action lawsuit about stolen personal and financial information.

The lawsuit claims that a senior financial advisor formerly employed by Countrywide took confidential information from millions of consumer records and sold it to third parties. The lawsuit further alleges that Countrywide did not adequately protect confidential personal and financial information of its clients. Countrywide denies that it did anything wrong, and the settlement is not an admission of wrongdoing or an indication that any law was violated.

The Class includes everyone in the United States who: (1) received a letter from Countrywide anytime from August 2, 2008, to and including November 2, 2008, notifying them that their personal information was involved in an alleged theft committed by a Countrywide employee; or (2) who obtained a mortgage from Countrywide or whose mortgage was serviced by Countrywide prior to July 1, 2008. Countrywide, for this purpose, does not include Bank of America.

Notices informing Class Members about their legal rights will be mailed, and are scheduled to appear in newspapers in the United States and its recognized territories, leading up to a hearing on July 19, 2010, when the Court will consider whether to grant final approval to the settlement.

The Court has appointed Ben Barnow, Barnow and Associates, P.C., of Chicago, Illinois, and Burton H. Finkelstein, Finkelstein Thompson LLP, of Washington, D.C., as Co-Lead Settlement Class Counsel to represent the Class.

Those affected by this settlement can submit a claim for benefits, if eligible, or they can ask to be excluded from, or object to, the settlement and its terms. The deadline for exclusions and objections is June 24, 2010. The earliest deadline to claim any of the benefits is September 7, 2010.

A toll-free number, 1-866-940-3612, has been established in the case (called In Re: Countrywide Financial Corp. Customer Data Security Breach Litigation, No. 3:08-MD-01998-TBR, MDL 1998), along with a website, www.CWdataclaims.com, where notices, claim forms, and the settlement agreement may be obtained. Those affected may also write to Countrywide Data Settlement, PO Box 2730, Portland, OR 97208.

The Countrywide Data Settlement web site says:

A settlement has been reached with Countrywide Financial Corporation, Countrywide Home Loans, Inc., Countrywide Bank, FSB, Full Spectrum Lending Division, and Bank of America Corporation (together called “Countrywide” or the “Defendants”) about the theft of personal and financial information from their customer databases.

The settlement offers credit monitoring and cash reimbursements of out of pocket expenses and identity theft losses to eligible people whose personal and financial information was stolen.

Those included in the class action, together called a “Class,” have legal rights and options, such as excluding themselves from the settlement, objecting to it, or asking to speak at the hearing.

The Court in charge of this case still has to decide whether to approve the settlement. If it does, and after any appeals are resolved, benefits will be distributed to those who submit qualifying claim forms. Please be patient.

Note that last week, a separate class action lawsuit against Countrywide stemming from the same incident was filed in court.

Related Posts:

  • Countrywide Sold Private Info, Class Claims
  • Judge Gives Preliminary OK To Countrywide breach settlement
  • Former Countrywide clients to get reimbursement
  • Admitted Countrywide data thief gets 8 months in…
  • Court Dismisses Data Breach Claims Against…

Post navigation

← UK: Labour attacked over mailshot to cancer patients
FINRA Fines D.A. Davidson & Co. $375,000 for Failure to Protect Confidential Customer Information →

Sponsored or Paid Posts

This site doesn’t accept sponsored posts and doesn’t respond to requests about them.

Have a News Tip?

Email:

Breaches[at]Protonmail.ch
Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Telegram: @DissentDoe

Browse by News Section

Latest Posts

  • Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting
  • Hackers hit Erris water in stance over Israel
  • Update: Cardiovascular Consultants Ltd. ransomware attack reportedly affected 500,000 patients, guarantors, and staff
  • Data breach by Addenbrooke’s Hospital reveals patient information
  • Millions of patient scans and health records spilling online thanks to decades-old protocol bug
  • Cybersecurity: Federal Agencies Made Progress, but Need to Fully Implement Incident Response Requirements (GAO Report)
  • Hackers Exploited ColdFusion Vulnerability to Breach Federal Agency Servers
  • CBIZ KA Notice of Data Privacy Incident (Prime Healthcare)

Please Donate

If you can, please donate XMR to our Monero wallet because the entities whose breaches we expose are definitely not supporting our work and are generally trying to chill our speech!

Donate- Scan QR Code   Donate!

Social Media

Find me on Infosec.Exchange.

I am also on Telegram @DissentDoe.

RSS

Grab the RSS Feed

Copyright

© 2009 – 2023, DataBreaches.net and DataBreaches LLC. All rights reserved.

HIGH PRAISE, INDEED!

“You translate “Nerd” into understandable “English” — Victor Gevers of GDI Foundation, talking about DataBreaches.net

©2023 DataBreaches.net