Fidelity Investments customers affected by a 2024 data breach have until late July to submit claims for compensation under a $2.5 million class action settlement. Here's what you need to know about who qualifies, how to file, and what happens if you don't act.
What Happened in the Breach?
An unauthorized third party accessed Fidelity's computer network for three days in August 2024, from Aug. 17 through Aug. 19, and pulled customers' financial account and routing numbers. The breach affected customers whose information was present in Fidelity's records during that window.Who Is Covered by the Settlement?
Settlement class members include anyone whose financial account and routing numbers were compromised during the August 2024 incident. Many affected customers received direct notice from Fidelity about the breach.The settlement resolves federal litigation filed in U.S. District Court for the District of Massachusetts. The case, known as In re: Fidelity Investments Data Breach Litigation, Case No. 1:24-CV-12601-LTS, names FMR LLC and Fidelity Brokerage Services LLC as defendants. Both operate as Fidelity Investments.
Fidelity has denied any wrongdoing, and the court has not ruled on the merits of the claims. Both parties agreed to settle to avoid prolonged legal costs and uncertainties.
How Do You File a Claim?
Affected individuals can submit claims for cash payments up to $5,000. The deadline to file is July 27, 2026.Claims must be submitted either online at fidelitydatasettlement.com or by mailing a paper form to the settlement administrator. Filing a valid claim is the only way to receive money from the settlement.
What Are Your Other Options?
Class members who want to pursue independent legal action against Fidelity can exclude themselves from the settlement, but must submit an opt-out request by June 26, 2026.Those who disagree with the settlement terms but don't want to opt out can file written objections with the court by June 26. Class members also have the option to request to speak at the final approval hearing.
What if You Do nothing?
Anyone who takes no action will automatically remain part of the settlement class but will forfeit any cash payment. They will also give up the right to sue Fidelity over claims addressed in this case.What Happens Next?
A final approval hearing is scheduled for July 9 at 2 p.m. EST. The court must approve the settlement before any payments are issued.During this hearing, the judge will determine whether the deal should become binding on everyone who remains in the class. Additional information is available at fidelitydatasettlement.com.