United States District Court for the Southern District of New York
Lee v. Taro Pharmaceuticals U.S.A., Inc.
Case No. 7:23-cv-03834-CS
IF YOU WERE A FORMER OR CURRENT EMPLOYEE OF TARO PHARMACEUTICALS U.S.A., INC. (“TARO”) AS OF MARCH 2023 WHOSE PRIVATE INFORMATION WAS POTENTIALLY COMPROMISED AS A RESULT OF A DATA SECURITY INCIDENT THAT TARO INITIALLY DISCLOSED IN OR AROUND MARCH 2023, A PROPOSED CLASS ACTION SETTLEMENT MAY AFFECT YOUR RIGHTS
A federal court authorized this Notice. You are not being sued.
This is not a solicitation from a lawyer.
A Settlement has been reached with Taro Pharmaceuticals U.S.A., Inc., (“Taro” or “Defendant”) in a class action lawsuit about a data security incident that was disclosed in or around March 2023 (the “Data Incident”).
The lawsuit is captioned Lee v. Taro Pharmaceuticals U.S.A., Inc., Case No. 7:23-cv-03834-CS (the “Action”), pending in the United States District Court for the Southern District of New York. Taro denies the allegations and all liability or wrongdoing with respect to any and all facts and claims alleged in the lawsuit. Plaintiff and Defendant have agreed to a settlement to avoid the costs and risks associated with continuing this case.
All Settlement Class Members can receive the following benefits from the Settlement: (1) up to $5,000 for documented and unreimbursed extraordinary out-of-pocket losses incurred directly as a result of the Data Incident, or (2) a Cash Payment of fifty dollars ($50) in lieu of seeking reimbursement for extraordinary out-of-pocket losses.
You are included in this Settlement if you are a Settlement Class Member. A Settlement Class Member is a former or current employee of Taro (as of March 2023) who resides in the United States and whose Private Information was potentially compromised as a result of the Data Incident that Taro initially disclosed in or around March 2023.
Your rights are affected whether you act or don’t act. Please read this Notice carefully.
SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
| YOU MAY | DUE DATE | |
|---|---|---|
| SUBMIT A CLAIM | The only way to receive cash and/or other benefits from this Settlement is by submitting a valid and timely Claim Form |
May 6, 2024 |
| OPT OUT OF THE SETTLEMENT | You can choose to opt out of the Settlement and receive no payment or other benefit from the Settlement. This option may allow you to sue, continue to sue, or be part of another lawsuit against the Defendant related to the legal claims resolved by this Settlement. You can elect to retain your own legal counsel at your own expense. |
April 20, 2024 |
| OBJECT TO THE SETTLEMENT AND/OR ATTEND A HEARING | If you do not opt out of the Settlement, you may object to it by writing to the Court about why you do not like the Settlement. You may also ask the Court for permission to speak about your objection at the Final Approval Hearing. If you object, you may also file a claim for benefits. |
April 20, 2024 |
| DO NOTHING | Unless you opt out of the settlement, you are part of the Settlement. If you do nothing, you will not get a payment or any other benefit from this Settlement and you will give up the right to sue, continue to sue, or be part of another lawsuit against the Defendant related to the legal claims resolved by this Settlement. |
N/A |
These rights and options—and the deadlines to exercise them—are explained in the Notice.
The Court in charge of this case still has to decide whether to approve the Settlement.