If you reside in the United States and your Private Information was compromised in a data breach on or about June 10, 2024, involving LA Financial Federal Credit Union, d/b/a LA Financial, you may be entitled to benefits from a settlement.
- A $725,000.00 settlement has been reached in a class action lawsuit against LA Financial Federal Credit Union, d/b/a LA Financial (“Defendant”), related to a data breach (“Data Security Incident”) involving the Defendant on or about June 10, 2024, that impacted the Private Information of the Settlement Class. Private Information, or personally identifiable information (“PII”), means information potentially compromised in the Data Security Incident, which may include but is not limited to names, dates of birth, Social Security numbers, driver’s license numbers, passport numbers, state identification numbers, account numbers, payment card numbers, routing numbers, health insurance information, taxpayer identification numbers, and biometric data.
- The Settlement Class includes all living individuals residing in the United States whose PII was compromised in the Data Security Incident, including all those who received notice of the breach.
- If you are Settlement Class Member, you can submit a Claim Form for the following Settlement Benefits:
Documented Loss Payment:You may submit a Claim Form and provide appropriate documentation for losses fairly traceable to the Data Security Incident for up to $5,000.00 per Settlement Class Member; OR
Alternative Cash Payment: Instead of the Documented Loss Payment, without providing documentation, you may submit a Claim Form to receive a pro rata (proportional share) cash payment estimated to be $50.00 or more.
California Statutory Award: In addition to the Documented Loss Payment or Alternative Cash Payment, if you resided in California at any time between June 10, 2024, and August 5, 2026, you may submit a Claim Form for an additional cash payment of $100.00. This amount may decrease, depending upon the total value of all approved Claim Forms.
Credit Monitoring Services - In addition to the Documented Loss Payment, Alternative Cash Payment, and California Statutory Award, you may also submit a Claim Form to receive two years of free credit monitoring services.
Injunctive Relief: In addition to the Documented Loss Payment, Alternative Cash Payment, and California Statutory Award, you may also submit a Claim Form to receive two years of free credit monitoring services.
- These rights and options—and the deadlines to exercise them—are explained below.
- The Court must decide whether to approve the Settlement, Fee Award and Costs, and Service Awards. No Settlement Benefits will be provided unless the Court approves the Settlement.