Here’s the latest I can provide based on recent reporting:
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Fidelity Investments has agreed to a $2.5 million settlement tied to a 2024 data breach that affected a sizable number of customers. The settlement includes cash payments to eligible class members and two years of credit monitoring/identity theft protection, with limits on per-claim amounts. The company does not admit liability as part of the agreement. [Sources: plansponsor.com reporting on the $1.25M Massachusetts settlement and the separate $2.5M class-action settlement; psca.org coverage of the $2.5M settlement][2][3][4][6]
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Separate Massachusetts regulatory action culminated in Fidelity agreeing to a $1.25 million settlement with Massachusetts regulators over alleged failure to safeguard data during the 2024 breach. Fidelity did not admit or deny the findings as part of this agreement. A concurrent class-action settlement for the same incident was reported at $2.5 million.[1][6][2]
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Public reporting indicates the breach occurred in August 2024, involved unauthorized access to personal data, and led to regulatory and litigation actions. The notices and settlements emphasize that affected individuals may be eligible for compensation and credit monitoring under the settlements.[3][4][1]
If you’re trying to determine eligibility for a specific settlement or claim, I can summarize the typical steps and what documentation is usually required, or help you locate the most current claim forms and deadline details. Would you like me to pull the exact claim deadlines and eligibility criteria from the latest filings?
Sources
Fidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
www.plansponsor.comFidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
www.planadviser.comFidelity agreed to pay $2.5 million to resolve claims it failed to prevent a 2024 data breach that compromised sensitive consumer information.
topclassactions.comThe parties to a lawsuit that had sought to hold Fidelity to account for what it termed a “massive and preventable data breach of Defendant’s inadequately protected computer network” have come to terms.
www.psca.orgFidelity Investments has reached a proposed $2.5 million settlement in a class action lawsuit concerning an alleged data breach.
www.benzinga.comFidelity Investments has agreed to settle allegations it failed to adequately secure its computer systems, leaving more than 75,000 clients vulnerable to a data breach.
news.bloomberglaw.comThe firm took pains at the time to state that the intrusions did not involve access to Fidelity accounts.
www.napa-net.orgA $2.5M Fidelity Investments settlement offers cash and credit monitoring to those who may have been affected by an Aug. 2024 data breach.
www.classaction.org