Wasserstrom Holdings $350,000 Data Breach Settlement

If you received a notice letter about the data incident discovered by Wasserstrom Holdings, Inc. in April 2023, you may be eligible to claim up to $5,000 from a class action settlement.

Wasserstrom Holdings, Inc. has agreed to pay $350,000 to settle a class action lawsuit for alleged negligence, breach of implied contract, and other claims related to a data breach that compromised personal information.

Who can file a claim?

To be eligible as a class member, you must meet the following criteria:

• You reside in the United States.
• You received a notice from Wasserstrom indicating your private information may have been compromised in the April 2023 data incident.

How much can class members get?

• Unreimbursed Economic Losses: Up to $5,000 for documented losses related to fraud, identity theft, professional fees, credit monitoring, and other expenses.
• Pro Rata Cash Payment: Initially set at $100, but may increase or decrease based on the number of claims and remaining funds.

For example, if the total claims exceed the settlement fund, the pro rata payment may decrease. If fewer claims are made, the payment may increase.

What docs are required to submit a claim?

• Unreimbursed Economic Losses: Documentation such as account statements with unauthorized charges, receipts for credit monitoring, or professional fees.

How to file a claim

You can file a claim online or download the PDF claim form and mail it to the settlement administrator:

Wasserstrom Settlement Administrator

PO Box 25226

Santa Ana, CA 92799

Payment methods

• Check mailed to the address provided in the claim form.

$350,000 Settlement fund

The settlement fund of $350K will cover:

• Reimbursement of documented economic losses up to $5,000 per claimant.
• Pro rata cash payments to class members.
• Attorneys' fees and expenses, not to exceed $116,655.
• Service awards for class representatives, up to $5,000 each.
• Costs of notifying the class and administering the settlement.

Important dates

• Deadline to File a Claim: January 16, 2025
• Final Approval Hearing: March 31, 2025

When is the Wasserstrom Holdings, Inc. payout date?

The court will hold a final approval hearing on March 31, 2025. If the settlement is approved, payments will be distributed to class members who submitted valid claims.

Why was this settlement reached?

The class action lawsuit was filed due to a data breach that allegedly resulted from Wasserstrom's negligence and breach of implied contract, among other claims. The settlement avoids the costs and risks of a trial and provides compensation to affected individuals.