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Individuals who received a notice that their personal information may have been compromised in the January 2025 Steel Warehouse Company data breach, may qualify to submit a claim for up to $5,000 from a class action settlement.
Steel Warehouse Company LLC has agreed to pay to settle a class action lawsuit alleging that it failed to adequately protect personal information during a targeted cyberattack on its computer systems in January 2025.
Who can file a claim for a data breach payout?
Class members are individuals whose personal identifying information may have been compromised as a result of the Steel Warehouse data breach that occurred in January 2025, as identified on the class list.
How much are settlement payments?
Class members have the following benefit options:
- Credit monitoring services: All class members can elect to receive one year of CyEx Financial Shield Complete, which includes $1 million in financial fraud insurance, access to a fraud resolution agent if needed, and monitoring for identity theft, unauthorized transactions, and high-risk activity.
- Out-of-pocket losses: Class members can claim up to $5,000 for documented financial losses due to the breach that occurred between Jan. 23, 2025, and Dec. 1, 2026. Covered expenses include losses from identity theft or fraud, fees for credit monitoring or freezing, costs to replace IDs, and postage for contacting financial institutions.
- Lost time: Class members can claim up to three hours, at $20 per hour, for time spent dealing with the data breach, a maximum of $60. This includes changing passwords, investigating suspicious account activity and researching the incident.
- Alternative cash payment: Class members who do not submit a claim for documented losses or lost time can submit to receive a one-time $40 cash payment.
How to claim a class action rebate
To receive a settlement payment, class members can file a claim online, or print and complete the PDF claim form, and mail or email it to the settlement administrator.
Settlement administrator's mailing address: Steel Warehouse Data Incident Settlement c/o Settlement Administrator P.O. Box 25226 Santa Ana, CA 92799-9958
Settlement administrator's email address: info@SteelWarehouseDataSettlement.com
The claim deadline is Dec. 1, 2026.
Required proof and claim information
- To submit a claim online, claimants must provide the loginID and pin from the settlement notice they received.
- Out-of-pocket losses claims require supporting documentation, which may include receipts, bank or credit card statements, or other proof of identity theft or fraud.
- Lost time claims require a description of the time spent and the tasks performed.
Payout options
- PayPal
- Venmo
- Zelle
- Virtual prepaid card
- Paper check mailed to the address provided
Settlement fund breakdown
The settlement fund will include:
- Settlement administration costs: To be determined
- Attorneys' fees and costs: $182,500
- Service awards to class representatives: $2,250 each
- Credit monitoring: Cost determined by number of claims filed
- Payments to claimants: Total determined by number of claims filed
Important dates
- Opt-out deadline: Oct. 2, 2026
- Final approval hearing: Oct. 21, 2026
- Claim deadline: Dec. 1, 2026
When is the Steel Warehouse data breach settlement payout date?
Payments will be issued to approved claimants after the court grants final approval of the settlement.
Why did this class action settlement happen?
The class action lawsuit was filed after a targeted cyberattack on Steel Warehouse’s computer systems in January 2025, during which files containing personal information were accessed. The complaint alleged that Steel Warehouse failed to adequately protect this information, which included Social Security numbers, birthdates and financial information.
Steel Warehouse denies the allegations, however agreed to settle to avoid the expense and risk of continued litigation.
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