Bayer Heritage $1.75M Data Breach Settlement

If you received a notice of a data breach from Bayer Heritage Federal Credit Union in October 2023, you may be eligible to claim compensation from a class action settlement.

Bayer Heritage Federal Credit Union has agreed to pay $1.75 million to settle a class action lawsuit for alleged negligence, unjust enrichment, and breach of contract related to a security incident.

Who are the class members?

The settlement class is defined as:

• Individuals whose private information was compromised in the October 2023 cyber-attack.
• Those who received a formal notification from Bayer Heritage regarding the breach.

How much can class members get?

Class members are eligible for two years of free credit monitoring services with identity theft insurance coverage of at least $1,000,000. Additionally, monetary compensation is available for documented out-of-pocket expenses and lost time due to the breach.

The compensation details include:

• Reimbursement for loss of time at $20 per hour, up to 4 hours ($80 cap)
• Reimbursement for documented out-of-pocket expenses up to $5,000 per claimant

For example, if you spent 3 hours dealing with issues related to the breach, you could claim $60 for lost time. If you incurred $200 in expenses for credit monitoring services, you could claim that amount as well.

How to claim an award

To claim an award, you must submit a claim form by May 20, 2025. You can file a claim online or download the PDF claim form and mail it to the settlement administrator.

Settlement Administrator's mailing address: Milliken v. Bayer Heritage Federal Credit Union Claims Administrator, P.O. Box 301134, Los Angeles, CA 90030-1134

Claimants must provide documentation to support claims for out-of-pocket expenses:

• Proof of actual, documented, and unreimbursed monetary loss.
• Evidence that the loss was caused by the security incident.
• Documentation showing efforts to avoid or seek reimbursement for the loss.

Claim instructions

1. Visit the settlement website and download the claim form.
2. Complete the form with your personal information and details of your claim.
3. Attach any required documentation to support your claim.
4. Submit the form online or mail it to the settlement administrator by the deadline.

Payout options

• Direct deposit to provided bank account
• Check mailed to provided address

$1.75 Million settlement fund

The settlement fund of $1,750,000 will cover various costs associated with the settlement, including administration expenses, attorneys' fees, and compensation to class members.

• Settlement administration costs: Not specified
• Attorneys' fees: $175,000
• Service awards to class representatives: $2,500 each
• Payments to class members: Remaining funds after other expenses

Important dates

• Deadline to File a Claim: May 20, 2025
• Final Approval Hearing: June 20, 2025

When is the Bayer Heritage Data Settlement payout date?

The payout date will be determined after the final approval hearing on June 20, 2025. Payments will be distributed as soon as possible following the court's final approval.

Why is there a class action settlement?

The lawsuit was initiated due to a security incident in October 2023, where unauthorized access to Bayer Heritage Federal Credit Union's systems compromised personal information. The parties agreed to settle to avoid the costs and uncertainties of continued litigation.