Fidelity Investments $2.5 Million Data Breach Settlement

Individuals who received notice from Fidelity Investments about the August 2024 data security incident or whose financial account and routing number the breach compromised may be eligible to claim up to $5,000 plus additional cash payments and identity theft protection from a class action settlement.

FMR LLC, d/b/a Fidelity Investments, and Fidelity Brokerage Services LLC agreed to pay $2.5 million to resolve a class action lawsuit. The lawsuit alleges that between Aug. 17 and Aug. 19, 2024, a third party gained unauthorized access to Fidelity’s computer network, potentially exposing sensitive personal information such as names, Social Security numbers, financial account details and/or driver’s license information.

Who can file a claim?

The settlement considers individuals class members if they meet the following criteria:

• They reside in the United States.
• They received notice from Fidelity about the August 2024 data security incident.
• The data breach exposed their financial account number and routing number.

Class members may include those who received a direct notice; however, individuals affected by the data breach qualify even if they did not receive a direct notice.

California residents may be eligible for an additional payment related to a California Consumer Privacy Act.

How much can class members get?

The settlement provides several types of compensation and benefits for eligible class members.

• Reimbursement of documented monetary losses: Up to $5,000 for actual, documented out-of-pocket losses incurred between Aug. 17, 2024, and July 27, 2026, as a result of the data breach. Eligible expenses include:
• Losses due to identity theft or fraud
• Fees for credit reports, credit monitoring or freezing/unfreezing credit
• Costs to replace IDs
• Postage for contacting banks
• Gasoline or travel expenses to resolve identity theft or fraud

• Pro rata cash payment: All class members can claim a pro rata cash payment estimated at $100. The actual amount may be higher or lower depending on the number of valid claims. Class members do not need to provide documentation for this payment.
• CCPA payment (California residents only): California residents may claim an additional payment estimated at $50. The actual amount may be higher or lower depending on the number of valid claims.
• Identity theft protection and credit monitoring: All class members are eligible for two years of CyEx Financial Shield Complete, which includes $1 million in financial fraud insurance and monitoring for identity theft, dark web postings, unauthorized transactions and other risks.

How to claim a settlement payment

Class members can complete the online claim form or download, print and complete the PDF claim form and mail or email it to the settlement administrator. The claim deadline is July 27, 2026.

Settlement administrator's mailing address: Fidelity Data Security Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958

Settlement administrator's email address: info@FidelityDataSettlement.com

Is proof or documentation required to submit a claim?

• To submit an online claim form, class members must log in with the login ID and PIN from the settlement notice they received. Those who are unable to locate their ID and PIN should contact the settlement administrator by emailing info@FidelityDataSettlement.com and providing their full name and mailing address.
• To submit a claim for reimbursement of documented monetary losses, class members must provide proof, such as bank statements, receipts or other supporting documents. Self-prepared notes alone are not sufficient, but class members may submit them as supplemental explanation.
• To submit a claim for the pro rata cash payment, CCPA payment or credit monitoring, class members do not need to provide documentation but must select the appropriate option.

Payout options

• PayPal (provide email address)
• Venmo (provide mobile number)
• Zelle (provide email or mobile number)
• Virtual prepaid card (provide email address)
• Physical check (provide mailing address)

$2.5 million settlement fund breakdown

The $2,500,000 settlement fund includes:

• Settlement administration costs: $300,000
• Attorneys' fees: Up to $833,333.33
• Attorneys' expenses: Up to $45,000
• Service awards to class representatives: $2,500 each for five representatives ($12,500 total)
• Payments to approved class members: Remainder of the fund

Important dates

• Opt-out deadline: June 26, 2026
• Final approval hearing: July 9, 2026
• Deadline to file a claim: July 27, 2026

When is the Fidelity Investments data breach settlement payout date?

The settlement administrator will issue payments to class members after the court resolves any appeals and grants final approval of the settlement.

Why is there a class action settlement?

The class action lawsuit alleged a third party accessed and obtained certain information from Fidelity’s computer network without authorization in August 2024. The plaintiffs claimed this incident exposed sensitive personal information.

Fidelity denies any wrongdoing but agreed to settle to avoid the risks, costs and disruptions of continued litigation.

Sources

1. Claim form
2. Class notice
3. Settlement agreement
4. Settlement FAQ
5. Important dates