If you are one of the persons impacted by the data breach November 2023 incident of Infosys McCamish, then you can soon expect your payout portion from the proposed settlement fund of $17.5 million. If the settlement is approved by the court then there will be the launch of an official website with settlement key details.
Infosys McCamish Class Action Settlement
The Infosys McCamish Class Action Settlement is about the cybersecurity breach that occurred in November 2023 and resulted in disruptions of some of McCamish’s applications and systems.
This data breach has exposed sensitive data of more than 6.5 million individuals including customers of major financial institutions like Bank of America and the company has reported in April 2024 that Infosys McCamish Systems incurred a loss of about $38 million.
Following this data breach incident, almost six class actions have been filed against Infosys McCamish. Infosys has agreed to pay $17.5 million to settle six class action lawsuits in the United States related to a cyber incident against its subsidiary, Infosys McCamish.
According to the company statements on 13 March 2025, this proposed settlement fund would settle all pending class action lawsuits and resolve all allegations. These settlement terms require confirmation and diligence by the plaintiffs along with the preliminary and final court approval.
Upon settlement approval, all the allegations will be resolved and Infosys will try to prevent similar incidents in future.
Who will be eligible for Infosys McCamish Class Action Settlement?
The eligibility criteria of Infosys McCamish Class Action Settlement is yet unknown and it will be available soon on official website after the plaintiffs agreement and court approval. The expected eligibility requirements can be:
- The settlement is likely to include individuals whose personal information such as name, addresses, social security numbers and other sensitive information has been impacted due to the unauthorized access.
- Individuals may be required to provide documented proof of their compromised data which directly linked to the cybersecurity incident of Infosys McCamish occurred in November 2023.
- Eligible individuals can also include those who will receive notification of their participating eligibility approval in settlement through postal mail or email.
- Individuals who will follow the instructions mentioned on notification can also be eligible for this settlement.
How much will be Infosys McCamish Class Action Settlement Payout?
The total payout of Infosys McCamish Class Action Settlement announced by Infosys is $17.5 million which is now subject to the plaintiffs confirmation and court approvals. If this fund is approved, it will be distributed among affected individuals and to cover the legal fees, and administrative costs.
Although the per person payout is unknown, it can be impacted by several factors such as number of valid claims and type of damage. Maybe the settlement fund will be distributed on a pro rata basis. The claim form filing process is expected to begin soon and all valid claimants will receive a portion of net settlement fund.
When will Infosys McCamish Class Action Settlement payout distribution start?
The payout arrival timeline of McCamish Class Action Settlement is not confirmed yet because it totally depends on court approval. After approval, there will be the availability of an official website that will provide you details on each and every aspect of the settlement such as key dates of settlement, eligibility criteria, per person payout amount, payout arrival date, payment method, etc.
The claim form in both offline and online mode can also be anticipated to take part in settlement. Eligible class members are likely to be required to submit their claims with accurate and valid details. A documented proof of your loss can also be required to support the claim form. If the court will finally approve the settlement then the payout distribution will start.
After the final approval, there will be an appeal phase, a claim verification phase, payout calculation and distribution phase will start. The payout of this settlement can be expected within 6 months to 1 year upon approval. The payout can be distributed through electronic means or paper checks like other settlements.