Fidelity settlement payouts up to $5K. See who qualifies
Fidelity customers may receive payouts of up to $5,000 from a $2.5 million class-action settlement following a 2024 data breach.Summary
Fidelity Investments and Fidelity Brokerage Services have agreed to a $2.5 million class-action settlement following a data security incident that occurred between Aug. 17 and Aug. 19, 2024. The lawsuit, filed in federal court in Massachusetts, alleged that Fidelity failed to protect its computer network from unauthorized access. As part of the settlement, Fidelity denied any wrongdoing. The agreement must be approved by the court, with a hearing scheduled for July 9. Eligible class members include all U.S. persons to whom Fidelity notified about the incident and those whose account numbers and routing numbers were exposed. Payouts can range from $50 to $5,000, with the latter for documented out-of-pocket losses. A pro rata cash payment of about $100 is also available. Claimants must file an online claim by July 27 to receive a benefit. Those who wish to exclude themselves from the settlement must do so by June 26.
(Source：USA TODAY)