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Individuals who received notice that the February 2024 EMM Loans data breach compromised their personal information may qualify to submit a claim for up to $4,000 and credit monitoring from a class action settlement. The cybersecurity incident impacted at least 2,313 people.
EMM Loans LLC agreed to settle a class action lawsuit alleging it failed to protect customer data following a targeted cyberattack in February 2024. The plaintiff claimed the incident exposed sensitive personal information, such as names and Social Security, driver’s license, state identification and passport numbers.
Who can file a claim for a data breach payout?
Class members are individuals residing in the United States whose personally identifiable information the data breach EMM Loans discovered in February 2024 involved, including those who received a notice of the incident.
How much are settlement payments?
Class members have the following benefit options:
- Credit monitoring: All class members can elect to receive two years of CyEx Financial Shield Complete. Services include monitoring for fraud, unauthorized transactions and high-risk activity and access to a fraud resolution agent if suspicious activity is detected.
- Unreimbursed economic losses: Up to $4,000 for documented out-of-pocket losses and lost time related to the data breach.
- Out-of-pocket losses may include monetary losses due to identity theft and fraud, fees for credit reports, credit monitoring and freezing/unfreezing credit, cost to replace IDs and postage for contacting financial institutions by mail.
- Lost time includes up to three hours at $30 per hour ($90 maximum) for time spent dealing with the data breach.
- Alternative cash payment: Class members who do not submit an unreimbursed economic losses claim can submit a claim to receive a one-time alternative cash payment of $50.
How to claim a class action rebate
To receive 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: EMM Loans Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958
The claim deadline is Aug. 17, 2026.
Required proof and claim information
- To submit an online claim, class members must provide the unique ID and PIN from the settlement notice they received.
- Out-of-pocket losses require supporting documentation, such as receipts, bank or credit card statements showing unreimbursed fees or fraudulent charges, invoices for services and other proof of fraud or identity theft related to the data breach.
- Lost time claims require a brief description of how the class member spent the time.
Payout options
- Paper check mailed to the address provided (only option for claims submitted by mail)
- PayPal
- Venmo
- Zelle
Settlement fund breakdown
The settlement fund will include:
- Settlement administration costs: To be determined
- Attorneys' fees and costs: Up to $125,000
- Service award to class representative: Up to $5,000
- Credit monitoring: Cost determined by number of claims filed
- Payments to approved claimants: Total determined by number of valid claims filed
Important dates
- Deadline to opt out of the settlement: July 17, 2026
- Deadline to file a claim: Aug. 17, 2026
- Final approval hearing: Aug. 24, 2026
When is the EMM Loans data breach settlement payout date?
The settlement administrator will issue payments and credit monitoring information to approved claimants after it completes claim processing and the court grants final approval of the settlement.
Why did this class action settlement happen?
This class action lawsuit alleged a targeted cyberattack on EMM Loans’ computer systems in February 2024 exposed files containing personal information belonging to customers. The plaintiff claimed EMM Loans failed to adequately protect this data.
EMM Loans denies the allegations but agreed to settle to avoid the expense and risk of continued litigation.
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