Crossroads Equipment Lease & Finance Data Breach Settlement

Consumers who received a notice from Crossroads Equipment Lease & Finance LLC about a data breach in or around April 2023 may qualify to claim up to $1,000 from a class action settlement.

Crossroads Equipment Lease & Finance LLC agreed to pay $425,000 to settle a class action lawsuit alleging it failed to adequately protect personal information, resulting in an April 2023 cybersecurity incident.

Who can file a Crossroads Equipment claim?

Class members must meet all of the following criteria:

• They reside in the United States.
• They received a notice from Crossroads Equipment Lease & Finance LLC regarding the April 2023 incident.
• Their personal information was impacted by the data breach.

How much can class members get?

• Documented out-of-pocket losses: Up to $1,000
• Pro rata cash payment: Estimated at $50 but capped at $300. The actual amount depends on the number of valid claims and the amount remaining in the settlement fund after other expenses.
• Credit monitoring: Two years of credit monitoring and identity protection services from one credit bureau. Those who previously accepted complimentary credit monitoring from Crossroads can still claim this benefit.

How to claim a class action payment

Class members can file a claim online or download, print, complete and mail a PDF claim form (Page 47) to the settlement administrator. The deadline to submit a claim is Nov. 3, 2025.

Settlement administrator's mailing address: Crossroads Equipment Lease & Finance LLC, c/o Settlement Administrator, PO Box 5689, Portland, OR 97228-5689

Is proof or documentation required to submit a claim?

• To claim reimbursement for out-of-pocket losses, class members must provide documentation showing the expenses are related to the security incident, such as credit card statements, bank statements, invoices and receipts. Documents will not be returned. Class members can redact unrelated transactions and all but the first four and last four digits of any account number (if applicable).
• To file an online claim, class members need the unique ID and PIN printed on the postcard notice they received in the mail. Those who did not receive a postcard notice or misplaced it should contact the settlement administrator at 888-820-1005 for assistance.

Payout options

• Venmo
• PayPal
• Paper check

$425,000 data security settlement fund breakdown

The $425,000 settlement fund includes:

• Settlement administration costs: To be determined
• Attorneys' fees: Up to $141,652.50
• Attorneys' expenses: Up to $20,000
• Service awards to class representatives: Up to $5,000 each ($10,000 total)
• Credit monitoring costs: To be determined
• Payments to eligible class members: Remainder of the fund

Important dates

• Exclusion deadline: Sept. 5, 2025
• Claim deadline: Nov. 3, 2025
• Final approval hearing: Nov. 17, 2025

When is the Crossroads Equipment Lease & Finance LLC settlement payout date?

Payments will be made approximately 91 days after the court grants final approval of the settlement and any appeals are resolved.

Why was there a class action settlement?

The class action lawsuit alleged Crossroads Equipment Lease & Finance LLC failed to adequately protect personal information, resulting in a cybersecurity incident in April 2023.

The company denied any wrongdoing but agreed to settle to avoid the costs and risks of litigation.

Sources

1. Settlement agreement
2. Settlement FAQs