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Individuals who received a notice that the March 2025 WaterStreet Company data breach may have compromised their private information could qualify to submit a claim for up to $3,000 and/or credit monitoring from a class action settlement. The cybersecurity incident impacted 70,072 people.
WaterStreet Co. agreed to settle a class action lawsuit alleging negligence, breach of implied contract and unjust enrichment after a cyber incident exposed sensitive personal information, including names, Social Security numbers, bank account information and taxpayer identification numbers.
Who can file a claim for a data breach payout?
Class members are individuals residing in the United States who received a notice indicating the WaterStreet Co. data breach may have impacted their private information.
How much can class members get?
Class members have the following benefit options:
- Cash payment A – documented losses: Class members can claim up to $3,000 in documented out-of-pocket losses traceable to the data breach that occurred between March 17, 2025, and Aug. 19, 2026. Eligible expenses include monetary losses from identity theft or fraud, fees for credit reports or freezing/unfreezing credit, costs to replace IDs and postage to contact financial institutions.
- Cash payment B – alternate cash: Class members who do not submit a documented losses claim can submit a claim to receive a one-time cash payment estimated at $55. The settlement administrator will determine the final payment amount by the total number of claims filed.
- Credit monitoring: All class members can elect to receive three years of CyEx Financial Shield Complete. Services include monitoring for fraud and identity theft, unauthorized financial transactions, personal information associated with high-risk transactions and $1 million in financial fraud insurance.
How to claim a class action rebate
To receive a settlement payment, class members can file a claim online or print the PDF claim form to complete and mail to the settlement administrator.
Settlement administrator's mailing address: WaterStreet Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958
The claim deadline is Aug. 19, 2026.
Required proof and claim information
- To submit a claim online, class members must provide the login ID and PIN from the settlement notice they received.
- Documented losses claims require supporting documentation, which may include receipts, invoices, bank or credit card statements showing unreimbursed fees or fraudulent charges and other proof of identity theft or fraud.
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: Up to $282,500
- Service awards to class representatives: $2,500 each
- Credit monitoring: Cost determined by the number of claims filed
- Payments to approved claimants: Up to $500,000 total
Important dates
- Opt-out deadline: Aug. 4, 2026
- Deadline to file a claim: Aug. 19, 2026
- Final approval hearing: Sept. 3, 2026
When is the WaterStreet Company data breach settlement payout date?
The settlement administrator will issue payments and credit monitoring information to approved claimants no later than 75 days after the court grants final approval of the settlement.
Why did this class action settlement happen?
The class action lawsuit claimed WaterStreet Co. experienced a data breach on March 17, 2025, that resulted in unauthorized access to files containing sensitive personal information. The plaintiffs alleged WaterStreet was negligent, breached implied contracts and received unjust enrichment by failing to protect this information.
WaterStreet denies the allegations but agreed to settle to avoid the expense and risk of continued litigation.
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