Snap Finance $1,800,000 Settlement for Data Breach Claims

TL;DR

Who Benefits?: Individuals in the U.S. who provided personal identifiable information to Snap Finance LLC and/or Snap RTO LLC and received a letter from Snap in December 2022 regarding the Data Incident.

How much can I get?: Eligible claimants can receive two years of credit monitoring services, a cash payment of up to $5,000 for out-of-pocket expenses, a Pro Rata cash payment, and for California residents, an additional cash payment of up to $200 under the CCPA.

Important Dates

• Deadline to File a Claim: January 16, 2024
• Deadline to Request Exclusion or Object to the Settlement: December 18, 2023
• Hearing To Decide Whether To Approve the Settlement: January 23, 2024

Who Are the Class Members?

Class Members are defined as U.S. residents who provided personal identifiable information to Snap Finance LLC and/or Snap RTO LLC and received a letter from Snap in December 2022 notifying them of the Data Incident. This class action lawsuit consolidates multiple lawsuits filed after an unauthorized access to the personal information of approximately 61,302 consumers stored on the Defendants' network between June 23, 2022, and September 8, 2022.

• Those who received notification letters from Snap Finance around December 2022.

What Awards Can Class Members Claim?

Members of the class are eligible to receive a voucher for two years of credit monitoring services if they submit an approved claim on time. Those who incurred expenses due to the data incident can claim a cash payment of up to $5,000. Moreover, all class members can submit a claim for a pro-rata cash payment, and California residents may receive up to $200 under the CCPA.

• Credit Monitoring Services: Two years of service.
• Cash Payment for Out-of-Pocket Expenses: Up to $5,000.
• Pro Rata Cash Payment: Amount to be determined based on the number of claims.
• CCPA Cash Payment: Up to $200 for California residents.

The Subject of the Settlement

The personal identifiable information (PII) of consumers was accessed without authorization during a data breach that occurred within the network of Snap Finance LLC and Snap RTO LLC.

Is Proof Required to Claim the Reward?

Claimants must submit a valid claim form with all required fields completed, including a signed and dated declaration.

How to Claim Your Award

Claimants must submit a valid claim form by the deadline of January 16, 2024. This can be done online via the official claim submission page or by requesting a paper Claim Form to be mailed to them by calling 833-200-7006.

Make sure to provide all required information, including your full name, mailing address, email address, contact phone number, and Unique ID Number provided on the Notice. Sign and date the declaration on the form.

Analysis of the Settlement Amount

The settlement fund established by the Defendant amounts to $1,800,000.00. The final amount of the Pro Rata and CCPA cash payments will be determined based on the number of claims received. Attorneys' fees of up to 30% of the settlement fund and up to $50,000.00 in litigation costs will be paid from the settlement fund upon Court approval.

Why Is There a Class Action Settlement?

The Settlement is the outcome of negotiations between both parties after exchanging numerous documents and receiving Court rulings. The parties agreed to the Settlement to avoid the expenses and uncertainty of a trial. It is important to note that the Court has not made any ruling in favor of either the Plaintiffs or the Defendant, and the Defendant denies any wrongdoing.

The next steps include a Final Approval Hearing scheduled for January 23, 2024, where the Court will decide whether to approve the Settlement.