The Record reports that the court administrator approved a $47 million settlement fund, even though plaintiffs had sought $47 billion:
A Missouri bankruptcy court administrator on Wednesday signed off on a deal that gives millions of victims of a 2023 data breach at 23andMe a cut of a $46.8 million settlement fund.
About 7 million customers of the genetics testing company had their data stolen by hackers starting in April 2023, and many had their information posted on the dark web.
Victims will be allotted $32.5 million while more than $14 million of the fund is being used to pay Kroll, the settlement and claims administrator in the case.
The plaintiffs had sought $48 billion in damages, but the administrator determined that the lower amount should be levied given that the district court found a $30 million prepetition settlement would be “reasonable in light of the Company’s dire financial condition,” according to court documents.
Read more at The Record. Past coverage of the 23andMe data breach can be found here. The court-approved settlement has no bearing on California’s recent lawsuit against 23andMe.
