Loren D. Stark Company $750,000 Data Breach Settlement

If you received a notification from Loren D. Stark Company, Inc. about a data incident in or around October 2022, you may be eligible to claim up to $5,000 from a class action settlement.

Loren D. Stark Company, Inc. has agreed to pay $750,000 to settle a class action lawsuit for allegedly failing to implement adequate security measures, which potentially exposed personal identifying information (PII) of the plaintiffs and class members.

Who can file a claim?

To be eligible to file a claim, you must have received a notification letter from Loren D. Stark Company, Inc. indicating that your personal information was or may have been compromised in the data incident.

How much can class members get?

• Out-of-Pocket Losses: Includes unreimbursed costs due to identity theft, expenses for credit monitoring, and other related costs.
• Pro Rata Cash Payment: Up to $70 for all class members who file a claim.

The settlement fund will be distributed among claimants, and if the total claims exceed the fund, payments will be reduced proportionally. For example, if the total claims amount to $800,000 and the fund is $750,000, each claimant's payment would be reduced by 6.25% to fit within the available funds.

How to claim an award

To claim an award, you must fill out a claim form. You can file a claim online or download the PDF claim form and mail it to the settlement administrator.

LDSCO Data Incident Settlement Administrator

P.O. Box 301134

Los Angeles, CA 90030-1134

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

• Out-of-Pocket Losses: Requires proof such as receipts or statements.
• Pro Rata Cash Payment: No additional proof required beyond the claim form.

Ensure your claim is postmarked by December 17, 2024. For electronic submissions, ensure your claim is submitted by midnight.

Payment methods

Class members can choose to receive payment via check or electronic transfer.

• Check
• Electronic payment

Important dates

• Deadline to File a Claim: December 17, 2024
• Final Approval Hearing: January 21, 2025

When is the LDSCO Data Incident payout date?

After the final approval hearing on January 21, 2025, if the settlement is approved and any appeals are resolved, payments will be processed for eligible claims.

Why was there a class action settlement?

The lawsuit alleged that Loren D. Stark Company, Inc. failed to maintain reasonable security measures, leading to a data breach that exposed personal information. The settlement allows both parties to avoid the costs and uncertainties of continued litigation.