A proposed $2.5 million class-action settlement has been reached in federal court over a Fidelity Investments data security incident that took place between Aug. 17 and Aug. 19, 2024. The court will hold a final approval hearing on July 9, 2026.

The incident involved an unauthorized third party accessing Fidelity's computer network and potentially obtaining customers' personal information, including names, Social Security numbers, financial account and routing numbers, and driver's license information. Fidelity denies wrongdoing but has agreed to the settlement.

Eligible U.S. resident customers include those who received a notice of the data breach or whose bank account number and routing number were exposed in the incident. Joint account holders with a single compromised account may submit only one claim.

All class members can claim a cash payment currently estimated at $100. Class members may also claim reimbursement for documented out-of-pocket losses up to $5,000 if the breach caused financial harm. Claimants must provide supporting documentation such as bank statements or receipts; self-written notes alone are not sufficient but can supplement other documentation.

California residents may claim an additional $50 payment under the California Consumer Privacy Act. All class members are also eligible to enroll in two years of CyEx Financial Shield Complete, which includes $1 million in financial fraud insurance and monitoring.

Class members can file claims online at www.FidelityDataSettlement.com or by mailing paper claim forms downloaded from that site. All claims must be received or postmarked no later than July 27, 2026.

Class members who wish to preserve their right to file their own lawsuit against Fidelity must formally opt out by June 26, 2026, forfeiting any settlement benefits. Class members who take no action will receive no payment and will give up the right to sue Fidelity over the data breach covered by the settlement.