February 9, 2024
Toyotetsu

Toyotetsu data breach $400K class action settlement 2023: Is It a Scam? Find Out!

Did you receive a notice from Toyotetsu? Did you receive a mail about a class action on the settlement to resolve claims about the Toyotetsu data breach $400K lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.

What Is Toyotetsu data breach $400K Class Action Settlement?

Toyotetsu agreed to a $400,000 class action settlement to resolve claims it failed to prevent an October 2021 data breach. The name of the case is Phelps, et al. v. Toyotetsu North America, Case No. 6:22-cv-00106-CHB-HAI, in the U.S. District Court for the Eastern District of Kentucky.

What Is This Class Action All About?

The class action lawsuit claims Toyotetsu failed to take reasonable cybersecurity measures, which resulted in the data breach. The breach allegedly compromised sensitive personal information of current and former employees. 

Toyotetsu, also known as Toyoda Iron Works, is an automotive parts manufacturer that makes parts for Toyota, Subaru, Nissan, Honda and more.

Toyotetsu didn’t admit any wrongdoing but agreed to a $400,000 settlement to resolve the data breach class action lawsuit.

Under the terms of the settlement, all class members can receive a pro rata share of the net settlement fund. Exact payments will vary but are estimated to be around $250. Class members can receive an additional $5,000 in reimbursement for proven monetary losses linked to the data breach. 

Who Is Eligible?

The settlement benefits all class members or individuals who received a data breach notice regarding a Toyotetsu cybersecurity incident in October 2021.

How To Be Part of This Settlement

For a class member to partake in this settlement, class members must submit a valid claim form by Aug. 23, 2023. The deadline for exclusion and objection is July 24, 2023. The name of the website is ToyotetsuDataSettlement.com.

What Is The Pay For This Settlement?

The pay for this settlement is up to $5,250 and the proof of purchase is the documentation of data breach-related expenses.

Conclusion

As you submit your claim to the settlement website ToyotetsuDataSettlement.com, just like Data Breach class action settlement we have reviewed , you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the settlement is scheduled for Oct. 24, 2023.

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