Carl Buddig Data Breach Class Action Settlement

If you were notified that your personal information was compromised in a data breach incident involving Carl Buddig & Company, you may qualify to submit a claim compensation from a class action settlement.

Carl Buddig & Company has agreed to pay $850,000 to settle a class action lawsuit for alleged negligence in protecting personal information during a cyberattack.

Who qualifies to submit a settlement claim?

You are considered a class member if:

• You received a notification via mail or email that your personal information was compromised in a 2023 data breach
• You are one of the approximately 11,821 current or former Carl Buddig employees whose data may have been impacted.

How much will Carl Buddig data breach settlement payments be?

Class members have the following options:

• Reimbursement for Out-of-Pocket Expenses: You can claim up to $15,000 per claimant for expenses related to identity theft or fraud that are traceable to the cybersecurity incident.
• Lost Time: You can claim up to 20 hours at $25 per hour, totaling $500 per individual, for time spent addressing issues related to the data breach.
• Free Credit Monitoring: Two years of free 3-bureau credit monitoring and identity restoration services are available to all claimants who elect to enroll.
• Additional Cash Payments: If funds remain in the settlement funds, additional cash payments may be distributed on a pro rata basis among participating claimants, of up to $2,500.
• Cash payments are not guaranteed and if they are issued the amount will be determined by the number of valid claims submitted and leftover settlement funds

How do I submit for a data breach payout?

To claim a settlement payment, you must submit a claim by May 1, 2025. You can file a claim online or download and print the PDF claim form and mail it to the settlement administrator.

Settlement Administrator's mailing address: Williams v. Carl Buddig & Company Settlement Administrator, P.O. Box 301174, Los Angeles, CA 90030-1174

Required documentation

Claimants must provide:

• Claim ID and PIN required to submit an online claim
• Reimbursement for Out-of-Pocket Expenses claims must include supporting documentation such as receipts, cost of professional fees, and other services

Claim instructions

1. Visit the settlement website and open the online claim portal or download the PDF claim form to print and mail in.
2. Complete form with your personal information and claim selection
3. Attach necessary documentation if submitting a claim for reimbursement of out-of-pocket expenses
4. Submit the form online or mail it to the settlement administrator address

Payout options

Class members can choose to receive their payments through:

• Check mailed to address provided
• Electronic payment: options emailed to email address provided

$850,000 Settlement fund

• Payments and credit monitoring services to approved claimants
• Settlement notice and administration costs
• Attorneys' fees and expenses of up to $323,000
• Service award for the Class Representative of $5,000

Important dates

• Deadline to File a Claim: May 1, 2025
• Final Approval Hearing: April 17, 2025

When is the Carl Buddig & Company data breach settlement payout date?

Payments will be made after the court grants final approval the settlement and any appeals are resolved. The final hearing is currently scheduled for April 17, 2025.

Why was there a class action settlement?

The lawsuit was filed after a cyberattack in May 2023 exposed personal information of Carl Buddig & Company employees. The settlement was agreed to in order to resolve claims and avoid costly litigation.