NEW YORK (PIX11) — Fidelity Investments agreed on Wednesday to a class action settlement following claims that it failed to prevent a data breach that occurred in 2024.
Fidelity has not admitted wrongdoing but agreed to a $2.5 million class-action settlement to resolve the allegation.
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Some class members who have documented proof of monetary losses related to the data breach could receive up to $5,000.
All others can receive a cash payment of around $100, depending on the number of claims filed with the settlement.
Affected members are also eligible to receive two years of identity theft protection and credit monitoring services.
To be eligible for the class action settlement, individuals must have received a notice from Fidelity that their financial account number and routing number were compromised between August 17 and 19, 2024.
Class members claiming any loss must provide receipts, bills, or other documentation that is not self-prepared.
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The deadline to file a claim is July 27.
To file a claim, click here.
Andrew Cruz is a digital content producer. A native New Yorker, he joined PIX11 in 2009 as a weather producer. More of his work can be found here.
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