Tech conglomerate Fortive Corp. has agreed to a $3 million settlement to resolve a sweeping class action after two ransomware attacks in 2023 exposed the personal data of more than 34,000 individuals, according to a Washington federal judge’s preliminary approval.
U.S. District Judge Richard A. Jones, presiding in Seattle, signed off Thursday on the deal that provides meaningful compensation and protections for victims whose sensitive information fell into the hands of hackers.
What Victims Will Receive
Each member of the 34,166-person class could claim up to $5,000 for financial damages and an additional $80 for time spent securing their accounts. They will also be granted three years of free credit monitoring and at least $1 million in identity theft insurance.
Lead plaintiffs are set to receive $3,500 each, while attorneys for the class will collect one-third of the settlement fund. Any leftover money will be split evenly between the Electronic Privacy Information Center and the Boys and Girls Club of Snohomish.
A final approval hearing is scheduled for January 9, after class members have the chance to object or opt out.
