Professional Finance $2.5M Data Breach Class Action Settlement

If you were impacted by the data incident involving Professional Finance Company, Inc., you may be eligible to claim up to $500 from a class action settlement.

Professional Finance Company, Inc. has agreed to pay $2,500,000 to settle a class action lawsuit for alleged negligence, breach of contract, and other claims related to a data breach.

Who are the class members?

To determine if you are part of the settlement class, consider the following criteria:

• Your personal information, such as your name or Social Security number, was involved in the data breach.
• You were a customer of Professional Finance Company, Inc. or interacted with them in some capacity.
• You are not an officer or director of the defendant company.
• You have not opted out of the settlement.

If you are unsure whether you are included, you can contact the settlement administrator for clarification.

How much can class members get?

• California Residents with SSN involved: A $50 cash payment and 24 months of free credit monitoring.
• SSN Involved: Reimbursement of up to $500 for documented out-of-pocket expenses related to the data breach.
• Non-SSN Involved: 24 months of free identity monitoring.

The reimbursement for out-of-pocket expenses requires documentation, such as receipts or statements, to prove the expenses were incurred due to the data breach.

How to submit a claim

Class members can file a claim online or download the PDF claim form to mail it.

The mailing address is: Rodriguez v. Professional Finance Co. Inc., c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391.

Claimants need to provide proof of their out-of-pocket expenses to claim reimbursement.

This includes:

• Receipts or bank statements showing the expenses.
• Documentation linking the expenses to the data breach.

Ensure your claim is submitted or postmarked by February 12, 2025.

Claim instructions

1. Visit the settlement website to access the claim form.
2. Complete the form with your personal information.
3. Attach any required documentation for reimbursement claims.
4. Submit the form online or mail it to the provided address.

Payout methods

Payments will be made via check or electronic transfer, depending on the claimant's preference indicated on the claim form.

$2.5 Million settlement fund

The settlement fund of $2,500,000 will cover:

• Payments to class members for cash awards and reimbursements.
• Administrative expenses related to the settlement.
• Attorneys' fees up to $750,000 and litigation expenses not exceeding $25,000.
• Service awards of up to $2,000 for each class representative.

Important dates

• Deadline to File a Claim: February 12, 2025
• Final Approval Hearing: April 17, 2025

When is the Professional Finance Company payout date?

The court will hold a final approval hearing on April 17, 2025. If the settlement is approved, payments will be processed, and class members will receive their awards.