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Individuals who received notice from Crossroads Trading Co. that a data breach incident on Feb. 15, 2025, may have impacted their private information could qualify to submit a claim for a cash payment from a class action settlement. The incident compromised approximately 60,041 current and former employees and customers.
Crossroads Trading Co. Inc. agreed to pay $600,000 to settle a class action lawsuit alleging it failed to adequately protect the private information of employees, customers and others, potentially exposing sensitive data during a cybersecurity incident. Exposed data included birth dates, Social Security numbers, contact information and financial account details.
Who can file a claim for a data breach settlement payout?
Class members are individuals residing in the United States whose private information the February 2025 Crossroads data breach may have compromised or otherwise impacted, including those who received notice of the incident.
How much are settlement payments?
Class members have the following benefit options:
- Documented loss payment: Class members can claim up to $5,000 for documented, unreimbursed monetary losses that occurred on or after Feb. 15, 2025 and are fairly attributable to the data breach. This may include:
- Costs of credit reports purchased between Feb. 15, 2025, and Oct. 13, 2026
- Costs paid for credit monitoring or fraud resolution services during the same period
- Expenses and losses due to identity theft or fraud caused by the breach
- Alternative cash payment: Class members who do not submit a documented losses claim can submit a claim to receive an alternative cash payment estimated at $25.
- California statutory cash payment: All class members who resided in California at any point between Feb. 15, 2025, and Oct. 13, 2026, can also submit a claim to receive a statutory cash payment estimated at $100.
- Credit monitoring services: All class members can elect to receive two years of free three-bureau credit monitoring services.
How to claim a class action rebate
To claim a settlement payment, class members can file a claim online or print the PDF claim form to complete and mail to the settlement administrator.
Settlement administrator's mailing address: Wright, et al. v. Crossroads Trading Co. Inc., c/o Kroll Settlement Administration, PO Box 225391, New York, NY 10150-5391
The claim deadline is Oct. 13, 2026.
Required proof and claim information
- Online claims require the class member ID from the settlement notice.
- Documented losses claims require supporting documentation, which may include receipts, invoices for services, bank or credit card statements showing unreimbursed fees or fraudulent charges and other proof of identity theft or fraud.
Payout options
- Electronic payment
- Paper check mailed to the address provided (only option for mailed claims)
Settlement fund breakdown
The $600,000 settlement fund will include:
- Settlement administration costs: To be determined
- Attorneys' fees: Up to $200,000 plus reasonable expenses
- Service awards to class representatives: Up to $2,500 ($15,000 total)
- Credit monitoring services: Cost determined by number of claims filed
- Payments to approved claimants: Remaining settlement funds
Important dates
- Opt-out deadline: Sept. 14, 2026
- Deadline to file a claim: Oct. 13, 2026
- Final approval hearing: Jan. 13, 2027
When is the Crossroads Trading Co. data breach settlement payout date?
The settlement administrator will issue payments to approved claimants after it completes claim processing or approximately 90 days after the court grants final approval of the settlement, whichever is later.
Why did this class action settlement happen?
The class action lawsuit alleged Crossroads Trading Co. Inc. failed to properly secure and safeguard private information, resulting in a data breach that potentially compromised sensitive data.
The company denies the allegations but agreed to settle to avoid the risk and expense of continued litigation.
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