Fincantieri Marine Group $515K Data Breach Settlement

Individuals who received a notice stating the April 2023 Fincantieri Marine Group LLC data breach may have impacted their private information could be eligible to submit a claim for up to $5,000 and other benefits from a class action settlement.

Fincantieri Marine Group LLC agreed to pay $515,000 to settle a class action lawsuit alleging it failed to adequately protect private information, resulting in unauthorized access to files containing sensitive personal information.

Who can file a claim?

Class members are individuals who received a notice from Fincantieri Marine Group stating a data breach discovered on or about April 6, 2023, may have compromised their private information.

How much can class members get?

Class members have the following options:

• Reimbursement for documented out-of-pocket losses: Class members may claim up to $5,000 for actual, documented out-of-pocket losses that are fairly traceable to the data breach. Claimants must provide reasonable third-party documentation of actual, unreimbursed losses. Self-prepared documents alone are not sufficient.
• Pro rata cash payment: Class members may also submit a claim to receive a cash payment from the settlement fund. The payment is expected to be approximately $100. The settlement administrator will determine the final payment amount based on the number of valid claims filed and the funds remaining after settlement expenses.
• Credit monitoring services: All class members may elect to receive three years of one-bureau credit monitoring services.

If valid claims exceed available funds, the settlement administrator will reduce cash payments on a pro rata basis.

How to claim a Fincantieri Marine Group data breach class action payment

To receive a settlement payment or credit monitoring, class members can file a claim online or print, complete and mail the PDF claim form to the settlement administrator. The claim deadline is March 12, 2026.

Settlement administrator's mailing address: FMG Data Settlement, c/o Settlement Administrator, PO Box 301132, Los Angeles, CA 90030-1132

Required proof and claim information

• For all claims, claimants must provide contact information and required claim identification information.
• For documented out-of-pocket losses, claimants must provide reasonable third-party documentation of actual, unreimbursed losses fairly traceable to the data breach. Self-prepared documents alone are not sufficient to support a reimbursement claim.
• For pro rata cash payments and credit monitoring, claimants do not need to submit documentation of losses but must submit a claim form.

Payout options

• Physical check
• Electronic payment

$515,000 settlement fund breakdown

The $515,000 settlement fund includes:

• Settlement administration costs: To be determined
• Attorneys’ fees: Up to $171,666.67
• Attorneys’ expenses: Up to $15,000
• Service awards to class representatives: Up to $2,500
• Credit monitoring services: Total determined by number of claims filed
• Payments to eligible class members: Remaining settlement funds

Important dates

• Opt-out deadline: Feb. 10, 2026
• Deadline to file a claim: March 12, 2026
• Final approval hearing: April 28, 2026

When is the Fincantieri Marine Group data breach settlement payout date?

The settlement administrator will issue payments and provide credit monitoring enrollment information within 61 days after final approval.

Why did this class action settlement happen?

The class action lawsuit alleged that Fincantieri Marine Group LLC experienced a data breach in April 2023 that allowed unauthorized access to files containing private information. The plaintiffs claimed the company failed to adequately protect this information.

Fincantieri Marine Group denies any wrongdoing but agreed to settle to avoid the expense, risk and uncertainty of continued litigation.

Sources

1. Class notice
2. Claim form
3. Official settlement website FAQ page