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 is eligible for a data breach payout?

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 is the Bayer Heritage settlement payment?

Claimants can choose from:

• Credit Monitoring: Two years of free monitoring, including identity theft and fraud insurance
• Reimbursement for loss of time: $20 per hour, up to 4 hours ($80 cap)
• Reimbursement for documented out-of-pocket expenses: up to $5,000 per claimant

How to claim a data breach class action payout

To claim a settlement payment, you must submit a claim form by May 20, 2025. You can file a claim online, or a personalized claim form can be downloaded to print and mail.

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

Required documentation

• Claim ID and PIN required to submit online claim.
• Class members submitting an out-of-pocket expenses claim must include proof such as bank and credit card statements, invoices, and documentation of all unreimbursed fees related to the cybersecurity incident.

Settlement payment options

• Electronic payment
• Check mailed to provided address

$1.75 Million class action settlement fund

The settlement fund of $1,750,000 will include:

• Settlement administration costs: Not specified
• Attorneys' fees: $175,000
• Service awards to class representatives: $2,500 each
• Payments to valid claimants: 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.