Certegy Settles Consumer Data Theft Lawsuits
By ELAINE SILVESTRINI | The Tampa TribuneTAMPA - A federal judge has approved a settlement in two class-action lawsuits filed against a St. Petersburg check authorizing company that had more than 8.4 million consumer records stolen and sold to direct marketers.
The settlement provides for a range of credit monitoring services and reimbursement of expenses for those whose identity was stolen. The company, Certegy Check Services, is also reimbursing more than $2 million in legal expenses to the law firms involved in the cases.
William G. Sullivan, a former analyst for Certegy, was sentenced in July to four years and nine months in federal prison for stealing the records.
A federal prosecutor said at the sentencing hearing that Certegy had to spend $3.2 million to notify the 5.9 million customers whose private financial information was stolen. The victims were in all 50 states, the District of Columbia, the Virgin Islands, Puerto Rico and overseas. Some customers had data stolen that was not deemed to be private financial information.
...According to a Web site set up to notify consumers about the settlement, www.datasettlement,com, it provides that all class members who had their personal or financial information stolen can get compensated up to $20,000 for certain unreimbursed identity theft losses caused by the data theft. The losses covered could occur from Aug. 24, 1998, to Dec. 31, 2010.
Consumers notified by Certegy are also eligible for credit monitoring or bank monitoring performed by Certegy, identity theft insurance, and reimbursement for certain out-of-pocket expenses...(Full Text at Tampa Bay Online)
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