Personal Finance

Fidelity agrees to $2.5M settlement with payouts up to $5K: Do you qualify?

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by Jeremy Tanner - 05/15/26 9:19 PM ET

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by Jeremy Tanner - 05/15/26 9:19 PM ET

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(NEXSTAR) – Fidelity Investments agreed Wednesday to a $2.5 million class action payout Wednesday that would settle a lawsuit over a 2024 data breach.

The lawsuit claims that a third party was able to get into Fidelity’s computer network between August 17 and 19, 2024, and access personal information that may have contained names, Social Security numbers, financial account information and driver’s license information.

Fidelity, which has agreed to issue payouts of up to $5,000, is not admitting any wrongdoing in the case. Over 77,000 customers were reportedly affected by the breach.

“The parties have agreed to settle the lawsuit … to avoid the costs and risks, disruptions, and uncertainties of continuing the Litigation,” according to the Fidelity settlement notice.

The largest payouts will go to those people who can document “out-of-pocket losses” tied to the breach.

Others can claim a $100 payment – the amount may fluctuate depending on the total number of claims filed. “You do not have to provide any proof or explanation to claim this payment,” according to settlement administrators.

There is also a $50 payment residents of California can claim, thank’s to the state’s Consumer Privacy Act.

All members are eligible for two years of identity theft protection and credit monitoring.

Claims can be submitted on the settlement website.

A final approval hearing for the settlement agreement is set for July 9.

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