Generational Equity $275,000 Data Breach Settlement

If you are a resident of the United States whose private information was impacted by a cybersecurity incident involving Generational Equity in February 2023, you may be eligible to claim up to $3,500 from a class action settlement.

Generational Equity LLC and Generational Equity Group Inc. have agreed to pay up to $275,000 to settle a class action lawsuit for alleged mishandling of private information during a cybersecurity breach.

Who can file a claim?

• Individuals must have received a notice regarding the data breach incident in February 2023
• The incident must have affected your private information

How much can class members get?

• Credit Monitoring: Two years of credit monitoring services and identity theft protection.
• Ordinary Losses: Up to $300 for documented out-of-pocket expenses.
• Lost Time: $25 per hour for up to 3 hours, capped at $75.
• Extraordinary Losses: Up to $3,500 for documented monetary losses caused by misuse of private information.

In the event that the total claims exceed $275,000, the cost of credit monitoring will be prioritized, and other claims may be prorated.

Is proof required to submit a claim?

• Ordinary Losses: Receipts or other proof of expenses.
• Extraordinary Losses: Documentation of actual monetary loss.

How to claim an award

To claim an award, you can file a claim online or submit a claim form by mail.

Mail your completed form to:

Generational Equity Data Incident Settlement Administrator

1650 Arch Street, Suite 2210

Philadelphia, PA 19103

Important dates

• Deadline to File a Claim: December 3, 2024
• Final Approval Hearing: December 6, 2024

When is the Generational Equity Settlement payout?

The court will hold a final approval hearing on December 6, 2024. If the settlement is approved, payments will be processed, and class members will receive their awards.