September 3, 2024
Medical billing software firm Arietis Health LLC has agreed to pay $2.8 million to settle out of a multidistrict litigation brought by a class of victims of a 2023 data breach involving Progress Software’s MOVEit file transfer tool.
The deal, announced Thursday, would resolve allegations that Arietis had inadequate data security before its computer systems were breached along with those of hundreds of other businesses.
A motion for preliminary approval of the settlement from the class said the agreement came after the parties were not able to reach a settlement after a round of mediation.
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The MDL plaintiffs are represented by Kristen A. Johnson of Hagens Berman Sobol Shapiro LLP, E. Michelle Drake of Berger Montague, Gary F. Lynch of Lynch Carpenter LLP, Douglas J. McNamara of Cohen Milstein Sellers & Toll PLLC, Karen H. Riebel of Lockridge Grindal Nauen PLLP and Charles E. Schaffer of Levin Sedran & Berman LLP.