Fidelity Investments August 2024 Data Breach Class Action Settlement: Up to $5,000 Plus Pro Rata Cash and 2 Years of Credit Monitoring
Fidelity Investments August 2024 Data Breach Class Action Settlement
FMR LLC and Fidelity Brokerage Services LLC, the operating companies behind Fidelity Investments, have agreed to a $2.5 million class action settlement over an August 17 to 19, 2024 cyberattack on Fidelity's computer network that exposed customer information including names, Social Security numbers, financial account and routing numbers, and driver's license information. Class members can claim up to $5,000 in reimbursement for documented out-of-pocket losses tied to the incident, plus a one-time pro rata cash payment estimated at $100 with no proof required, plus an additional $50 California Consumer Privacy Act payment for California residents, plus two years of CyEx Financial Shield Complete credit monitoring with $1 million in financial fraud insurance. Claims are due by July 27, 2026.
Settlement fund
$2.5M
Common fund
Top payout
Up to $5,000
Documented losses + ~$100 pro rata (+ $50 CA) + 2 yrs monitoring
Claim deadline
Jul 27, 2026
71 days remaining
You may be owed money
Filing is free and takes a few minutes. Deadline: Jul 27, 2026.
Do you qualify?
You are a Class Member if ALL of the following apply:
- Fidelity sent you notice of the August 2024 Data Security Incident under relevant state breach-notification law, or your financial account number and routing number were exposed in the incident.
- The exposed information varied by individual and may have included your name, Social Security number, financial account information, and/or driver's license information.
- If joint accountholders had a single financial account number and routing number compromised, only one claim is permitted under the Settlement.
- California residents can claim an additional $50 California Consumer Privacy Act (CCPA) payment on top of all other Settlement benefits.
- Excluded: The judge presiding over the case and the judge's immediate family and Court staff; Fidelity's officers and directors; and anyone who validly excludes themselves from the Settlement.
Not sure if you qualify? Call the Settlement Administrator toll-free 24/7 at 1-833-386-6470, email info@FidelityDataSettlement.com, or visit FidelityDataSettlement.com.
What happened
Plaintiffs Richard Mason, Alexander Elterman, Ratiek Lowery, Robert Wilbert, and John Nixon filed this consolidated class action against FMR LLC d/b/a Fidelity Investments and Fidelity Brokerage Services LLC d/b/a Fidelity Investments, alleging that between August 17 and August 19, 2024 a third party accessed and obtained customer information from Fidelity's computer network without authorization. Fidelity's forensic investigation determined that the unauthorized party potentially accessed personal information that varied by individual and may have included names, Social Security numbers, financial account information (account and routing numbers), and driver's license information. Fidelity sent breach-notice letters to affected individuals after the incident. The lawsuit alleges Fidelity failed to adequately safeguard customer data and seeks compensation for the resulting exposure.
Fidelity denies the allegations and denies that it did anything wrong. The Court has not decided who is right. The parties agreed to settle to avoid the cost, risk, and time of continued litigation. Fidelity will establish a $2.5 million non-reversionary common Settlement Fund. Out of the fund, the Court will approve attorneys' fees (Class Counsel will request up to one-third), up to $45,000 in litigation cost reimbursement, Service Awards of $2,500 to each of the five Class Representatives ($12,500 total), and administration costs. The remainder funds four classes of benefits to claimants: reimbursement of documented out-of-pocket losses up to $5,000 per claim, an approximately $100 pro rata cash payment with no proof required, a $50 California Consumer Privacy Act payment for California residents only, and two years of CyEx Financial Shield Complete credit monitoring with $1 million in financial-fraud insurance.
How to file a claim
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1
Confirm you are eligible
You qualify if Fidelity sent you a breach-notice letter for the August 2024 Data Security Incident under your state's breach-notification law, or if your financial account number and routing number were exposed in the incident. For joint accounts, only one claim per compromised account is permitted. California residents qualify for an additional CCPA payment on top of all other benefits. Fidelity has records of who is in the class and is sending direct notice to class members.
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2
Pick your benefits and tally your claim
Four benefit types are available, and you can elect any combination on a single Claim Form. (1) Reimbursement of documented out-of-pocket losses up to $5,000 per class member for expenses incurred between August 17, 2024 and July 27, 2026 (identity theft or fraud, credit reports, monitoring, freezing or unfreezing credit, ID replacement, postage to banks, and gasoline for trips to banks or other locations to rectify identity theft), with bank statements or receipts. (2) An approximately $100 pro rata cash payment with no proof required. (3) For California residents only, an additional $50 CCPA payment with no proof required. (4) Two years of CyEx Financial Shield Complete credit monitoring with $1 million in financial-fraud insurance, real-time fraud and identity-theft monitoring, dark-web posting alerts, unauthorized financial-transaction monitoring, high-risk transaction monitoring, and access to a fraud resolution agent.
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3
File online or by mail
Submit your Claim Form online at fidelitydatasettlement.com/form/claim by July 27, 2026, or mail a paper Claim Form (postmarked by July 27, 2026) to: Fidelity Data Security Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958. You can also call the Administrator at 1-833-386-6470 or email info@FidelityDataSettlement.com to request a paper Claim Form.
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4
Receive your payment
Settlement payments and credit-monitoring enrollment are distributed after the Court grants final approval at the July 9, 2026 Final Approval Hearing and any appeals are resolved. If anyone appeals, distribution can be delayed by a year or more. No follow-up is required once your Claim Form is submitted.
Key dates
- Jun 26, 2026 Opt-out & objection deadline Upcoming
- Jul 27, 2026 Claim filing deadline Upcoming
- Jul 9, 2026 Final Fairness Hearing (2:00 p.m. ET, in person) Upcoming
- TBD after final approval Payments issued to claimants Pending
The Final Approval Hearing is scheduled for July 9, 2026 at 2:00 p.m. Eastern Time in Room 13 of the U.S. District Court for the District of Massachusetts, 1 Courthouse Way, Boston, MA 02210. The Court may move the hearing or hold it virtually, so check FidelityDataSettlement.com for updates before traveling.
Where the money is going
This is a non-reversionary common fund. Court-approved attorneys' fees (Class Counsel will seek up to one-third of the fund), up to $45,000 in litigation cost reimbursement, Service Awards of $2,500 to each of the five Class Representatives, and administration costs all come out of the $2.5 million Settlement Fund first. The remainder funds documented out-of-pocket reimbursements (up to $5,000 per claim), the pro rata cash payment (estimated $100), the CCPA payment for California residents (estimated $50), and the two-year CyEx Financial Shield Complete monitoring benefit for all class members.
All amounts listed above are pending and subject to final court approval at the July 9, 2026 Final Approval Hearing. The Court may award less than the amounts requested. The pro rata cash ($100) and CCPA payment ($50) are estimates from the Notice and may be larger or smaller depending on the total claims filed.
Common questions
How much money will I receive?
The Notice estimates a one-time pro rata cash payment of approximately $100 (no proof required), and California residents can claim an additional $50 California Consumer Privacy Act (CCPA) payment (no proof required). You can also claim reimbursement of up to $5,000 in documented out-of-pocket losses (identity theft, credit reports, monitoring, ID replacement, postage to banks, gasoline costs to address fraud) with bank statements or receipts, for expenses incurred between August 17, 2024 and July 27, 2026. Every class member is also eligible for two years of CyEx Financial Shield Complete credit monitoring with $1 million in financial-fraud insurance. The pro rata cash and CCPA payments may be larger or smaller depending on the total claims filed.
Do I need to submit proof of purchase?
For the pro rata cash payment ($100) and the California CCPA payment ($50), no documentation is required, just submit the Claim Form. For documented out-of-pocket loss reimbursement, you must include bank statements, receipts, or similar proof of how much you spent or lost due to the breach. Self-prepared notes alone are not enough. You cannot claim expenses already reimbursed by a third party. For credit monitoring, no proof is required.
What if I didn’t receive a notice?
Yes. You can still file a claim even if you did not receive a direct notice. If Fidelity provided you with notice of the August 2024 Data Security Incident under your state's breach-notification law, or your financial account number and routing number were exposed in the incident, you are likely a Class Member. Contact the Settlement Administrator toll-free 24/7 at 1-833-386-6470, email info@FidelityDataSettlement.com, or visit FidelityDataSettlement.com to confirm your status and request a Claim Form.
Does staying in the class affect my right to sue later?
Yes. Unless you submit a written Request for Exclusion postmarked by June 26, 2026, you will be bound by the Settlement and will release your claims against FMR LLC and Fidelity Brokerage Services LLC relating to the August 2024 Data Security Incident. The full release language is in Section XII of the Settlement Agreement, available on the Documents page of FidelityDataSettlement.com.
When will payments be sent out?
If the Court grants final approval at the July 9, 2026 Final Approval Hearing, payments and credit-monitoring enrollment will be distributed after the judgment becomes final and any appeals are resolved. If anyone appeals the settlement, payment may be delayed by the appeal, which 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 FMR LLC d/b/a Fidelity Investments and Fidelity Brokerage Services LLC d/b/a Fidelity Investments, Fidelity Data Security Incident Settlement Administrator (P.O. Box 25226, Santa Ana, CA 92799-9958) (the Settlement Administrator), or Class Counsel A. Brooke Murphy of Murphy Law Firm and Lori G. Feldman of Hecht Partners LLP. The case is In re: Fidelity Investments Data Breach Litigation, Case No. 1:24-CV-12601-LTS, pending in the U.S. District Court for the District of Massachusetts before TBD - verify before publishing. Class representatives are Richard Mason, Alexander Elterman, Ratiek Lowery, Robert Wilbert, and John Nixon. Fidelity denies wrongdoing. This website is attorney advertising. Past results do not guarantee future outcomes.
