Abbott Laboratories Employees Credit Union Data Incident Settlement
Abbott Laboratories Employees Credit Union Data Incident Class Action Settlement
Abbott Laboratories Employees Credit Union (ALEC) has agreed to settle a class action lawsuit over an August 2024 targeted cyberattack that may have exposed names, financial account information, and Social Security numbers. Class Members can claim a no-proof pro rata share of a $150,000 cash pool, reimbursement of documented out-of-pocket losses up to $2,500, and two years of CyEx Financial Shield Pro credit monitoring with $1 million in fraud insurance. Claims are due by September 3, 2026.
Settlement fund
$150K
Common fund
Top payout
Up to $2,500
Documented losses, or pro rata share of $150K cash pool (no proof needed)
Claim deadline
Sep 3, 2026
43 days remaining
You may be owed money
Filing is free and takes a few minutes. Deadline: Sep 3, 2026.
Do you qualify?
You are a Class Member if ALL of the following apply:
- You are a Settlement Class Member if ALEC's records identify you as someone who was sent a Breach Notice stating that your Personal Information was potentially compromised in the Data Incident ALEC discovered on or about August 2, 2024.
- No proof is required to claim the pro rata cash payment from the $150,000 pool or to enroll in credit monitoring; only the higher Reimbursement for Out-of-Pocket Losses payment (up to $2,500) requires documentation.
- Excluded: The judges presiding over this Action, and members of their direct families.
- Excluded: Defendant, its subsidiaries, parent companies, successors, predecessors, and any entity in which Defendant or its parents have a controlling interest; and Settlement Class Members who submit a valid Request for Exclusion before the Opt-Out Deadline.
Not sure if you qualify? Call the Settlement Administrator toll-free 24/7 at (833) 421-7235, email info@ALECDataSettlement.com, or visit ALECDataSettlement.com.
What happened
Plaintiffs Laura Bogdan, Marissa Foresta, Lakeena Thompson, Sonia J. Perez, Kelly Monastiriakos, Lloyd Garcia, Karla Garcia, Sharita Medina, and John Williams filed this proposed class action against Abbott Laboratories Employees Credit Union, alleging that a targeted cyberattack on ALEC's computer systems in August 2024 (the "Data Incident") allowed an unauthorized party to access files containing private information, including names, financial account information, and Social Security numbers.
ALEC denies that it did anything wrong, and the Court has not decided who is right. The parties agreed to settle to avoid the cost, risk, and time of continued litigation. ALEC will separately pay for two years of CyEx Financial Shield Pro credit monitoring for all Settlement Class Members, a $150,000 pro rata cash payment pool, reimbursement of documented out-of-pocket losses up to $2,500 per person, Court-approved attorneys' fees, and Service Awards to the nine Class Representatives.
How to file a claim
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1. Confirm you are eligible
You qualify if ALEC's records identify you as someone who was sent a Breach Notice stating that your Personal Information was potentially compromised in the Data Incident discovered on or about August 2, 2024. Excluded individuals include the presiding judges and their direct families, and ALEC and its affiliated entities.
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2. Pick your cash option, and enroll in credit monitoring
All Settlement Class Members can enroll in two years of CyEx Financial Shield Pro credit monitoring with $1 million in fraud insurance. You can also claim cash: a no-proof pro rata share of the $150,000 cash payment pool, or reimbursement of documented out-of-pocket losses (identity theft or fraud, credit report or monitoring fees, credit freeze or unfreeze fees, ID replacement costs, postage to contact banks) up to $2,500, for losses incurred between August 2, 2024 and September 3, 2026, with receipts or other documentation.
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3. File online or by mail
Submit the Claim Form online at alecdatasettlement.com/form/claim by September 3, 2026, or mail a paper Claim Form (postmarked by September 3, 2026) to: ALEC Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958.
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4. Receive your benefits
Credit monitoring enrollment and cash payments are distributed after the Court grants final approval at the September 18, 2026 Final Approval Hearing and any appeals are resolved. The appeal process can take a year or more. No follow-up is required once your Claim Form is submitted.
Key dates
- Aug 4, 2026 Opt-out & objection deadline Soon
- Sep 3, 2026 Claim filing deadline Upcoming
- Sep 18, 2026 Final Fairness Hearing (9:00 a.m. CT, in person) Upcoming
- TBD after final approval Payments issued to claimants Pending
The Final Approval Hearing is scheduled for September 18, 2026 at 9:00 a.m. Central Time in Room 357 of the Circuit Court of McHenry County, Illinois, 2200 N. Seminary Ave., Woodstock, IL 60098. The Court may move the hearing, so check ALECDataSettlement.com for updates before traveling.
Where the money is going
This settlement does not use a single common fund. ALEC will separately pay for two years of credit monitoring for all Settlement Class Members, a $150,000 pro rata cash payment pool, reimbursement of documented out-of-pocket losses up to $2,500 per person, Court-approved attorneys' fees, and Service Awards to the nine Class Representatives. None of these payments reduces any other benefit.
All amounts listed above are pending final Court approval at the September 18, 2026 Final Approval Hearing. The Court may award less than the amounts requested for fees and Service Awards. The pro rata cash payment will be divided equally among everyone who submits a valid, no-proof claim, so the actual per-person amount depends on how many people file.
Common questions
How much money will I receive?
You can claim reimbursement of documented out-of-pocket losses (identity theft or fraud, credit report or monitoring fees, credit freeze or unfreeze fees, ID replacement costs, postage) up to $2,500, for losses incurred between August 2, 2024 and September 3, 2026, with proof required. Or, with no proof required, you can claim a one-time pro rata cash payment from ALEC's $150,000 payment pool, split equally among everyone who files a valid claim. Every Settlement Class Member can also enroll in two years of CyEx Financial Shield Pro credit monitoring with $1 million in fraud insurance, regardless of which cash option is chosen.
Do I need to submit proof of purchase?
For the pro rata cash payment and for credit monitoring, no proof is required. For the Reimbursement for Out-of-Pocket Losses payment (up to $2,500), you must send documented proof, like bank statements or receipts, showing how much you spent or lost because of the Data Incident. Notes or papers you made yourself can support other proof but are not enough on their own. You cannot claim expenses already reimbursed by a third party.
What if I didn’t receive a notice?
ALEC's records were used to identify Settlement Class Members, and Class Members may have received a notice directly from ALEC about the Data Incident. If you believe your Private Information was involved in the August 2024 Data Incident but did not receive a notice, contact the Settlement Administrator at (833) 421-7235 or info@ALECDataSettlement.com to confirm your Class Member status before the claim deadline.
Does staying in the class affect my right to sue later?
Yes. Unless you exclude yourself (opt out) by August 4, 2026, you will remain in the Settlement Class and will give up the right to sue, continue to sue, or be part of another lawsuit against ALEC over the claims resolved by this Settlement. The full release is described in Section XI of the Settlement Agreement, available at ALECDataSettlement.com.
When will payments be sent out?
The Court will hold the Final Approval Hearing on September 18, 2026 at 9:00 a.m. Central Time. If the Court grants final approval, credit monitoring enrollment and cash payments are distributed after final approval and after any appeals are resolved. The appeal process can take a year or more. No action is required after a valid Claim Form is submitted.
Dapeer Law, P.A.
Consumer class action attorneys based in South Florida. We track settlements so you don’t have to.
Similar open settlements
This page is for informational purposes only and does not constitute legal advice. Dapeer Law, P.A. is not the administrator of this settlement and is not affiliated with Abbott Laboratories Employees Credit Union, Simpluris (the Settlement Administrator), or Class Counsel Ben Barnow of Barnow and Associates, P.C., Jason S. Rathod of Migliaccio & Rathod LLP, and Gary M. Klinger of Milberg PLLC. The case is Laura Bogdan, et al. v. Abbott Laboratories Employees Credit Union, Case No. 2026CH000033, pending in the Circuit Court of McHenry County, Illinois before TBD - verify before publishing. Class representatives are Laura Bogdan, Marissa Foresta, Lakeena Thompson, Sonia J. Perez, Kelly Monastiriakos, Lloyd Garcia, Karla Garcia, Sharita Medina, and John Williams. ALEC denies wrongdoing. This website is attorney advertising. Past results do not guarantee future outcomes.
