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Individuals who received a notice that the January 2025 Steel Warehouse Co. data breach may have compromised their personal information could qualify to submit a claim for up to $5,060 from a class action settlement.
Steel Warehouse Co. LLC agreed to settle a class action lawsuit alleging 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 personally identifying information the Steel Warehouse data breach that occurred in January 2025 may have been compromised and who appear on the class list.
How much are settlement payments?
Class members have the following benefit options:
- Out-of-pocket losses: Class members can claim up to $5,000 for documented financial losses due to the breach that occurred between Oct. 1, 2024, and the date of the notice. 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 of lost time at $20 per hour for time spent dealing with the data breach for a maximum of $60. This includes time spent 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 a claim to receive a one-time $40 cash payment.
- 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.
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
- Online claims require the login ID and PIN from the settlement notice the class member 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 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 approved 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?
The settlement administrator will issue payments to approved claimants after the court grants final approval of the settlement.
Why did this class action settlement happen?
The class action lawsuit claimed a targeted cyberattack on Steel Warehouse’s computer systems in January 2025, compromised files containing personal information. The complaint alleged Steel Warehouse failed to adequately protect this information, which included Social Security numbers, birthdates and financial information.
Steel Warehouse denies the allegations but agreed to settle to avoid the expense and risk of continued litigation.
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