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Individuals whose personal information the December 2024 Mortgage Investors Group Inc. data breach exposed may be eligible to claim up to $2,000 from a class action settlement.
Mortgage Investors Group agreed to pay $925,000 to resolve a class action lawsuit alleging a cyberattack exposed customer data, including names, financial information and other sensitive data.
Who can file a claim?
Class members are all individuals whose sensitive information the December 2024 Mortgage Investors Group data breach potentially exposed.
How much is the settlement payout?
The settlement provides several types of compensation and benefits for class members:
- Reimbursement for out-of-packet losses: Class members can claim up to $2,000 for documented out-of-pocket losses resulting from the data incident that occurred between Dec. 12, 2024, and Nov. 19, 2026. Eligible expenses include losses from identify theft or fraud, fees for credit reports or monitoring or freezing/unfreezing credit, costs to replace IDs and postage for contacting banks.
- Alternative cash payment: Class members who do not have documented losses can claim a one-time $45 cash payment.
- Credit monitoring: All class members can enroll in one year of CyEx Financial Shield Complete, which includes $1 million in financial fraud insurance and monitoring for identity theft, unauthorized transactions and high-risk activity. If the program detects suspicious activity, class members will have access to a fraud resolution agent.
The settlement caps the fund at $925,000. If the combined total of claims, legal fees and costs, and administration costs exceeds this amount, the settlement administrator will reduce payments proportionally (pro rata).
How to claim a settlement payment
To receive a payment or benefit, class members can file a claim online or print and complete the PDF claim form and mail it to the settlement administrator. Class members can request a paper copy of the claim form by calling or emailing the settlement administrator.
Settlement administrator's mailing address: MIG Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958
Settlement administrator's email address: info@MIGDataSettlement.com
Settlement administrator's phone number: 833-421-7351
The claim deadline is Nov. 19, 2026.
Required proof and claim information
- For out-of-pocket loss reimbursement, claimants must provide supporting documentation, such as bank statements, receipts or other proof of expenses, showing the expense is related to the data incident. Self-prepared notes or explanations can support the claim but are not sufficient on their own.
- For credit monitoring and the alternative cash payment, class members do not need to provide documentation.
- For online claims, class members must provide the login ID and PIN from the settlement notice they received.
Payout options
- PayPal
- Venmo
- Zelle
- Virtual prepaid card
- Physical check sent to the address on file
Settlement fund breakdown
The $925,000 settlement fund includes:
- Settlement administration costs: Amount not specified
- Attorneys' fees and litigation costs: Up to $270,000
- Service award to the class representative: $2,500
- Credit monitoring: Cost determined by the number of claims filed
- Payments to eligible class members: The remainder of the settlement fund
Important dates
- Deadline to opt out: Oct. 20, 2026
- Final approval hearing: Nov. 10, 2026
- Deadline to file a claim: Nov. 19, 2026
When is the Mortgage Investors Group Inc. settlement payout date?
The settlement administrator will distribute payments to eligible class members once the court resolves any appeals and grants final approval of the settlement.
Why is there a class action settlement?
A December 2024 cyberattack on Mortgage Investors Group's computer systems allowed unauthorized access to files containing customers' private information. The plaintiff alleged this exposed sensitive data, including names and financial information.
Mortgage Investors Group denied any wrongdoing but agreed to settle to avoid the costs and risks of continued litigation.
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