Capital One Class Action 2024:In the aftermath of a significant data breach in 2019, Capital One Financial Corporation faced a class action lawsuit, a legal action where a group of individuals with similar claims collectively sues a defendant. The breach exposed the personal details of around 99 million people, ranging from names and Social Security numbers to addresses and bank account information.
The plaintiffs alleged that Capital One was negligent in safeguarding their data, leading to harm such as identity theft and financial losses. Despite denying any wrongdoing, Capital One opted for a $190 million settlement in December 2021. This resolution, approved by the court in September 2022, marked a conclusion to the litigation.
Eligible class members began receiving payments in October 2023, following the court’s approval. The deadline for filing a claim in the settlement process was set for November 27, 2023.
If you suspect that you were impacted by the Capital One data breach, you have the opportunity to explore your eligibility and claim settlement payments by visiting the dedicated settlement website.
Capital One Class Action Settlement 2024:
Payment Distribution Summary:
| Category | Details |
|---|---|
| Company | Capital One |
| Payment Start Date | September 28, 2023 |
| Claim Deadline | November 27, 2023 (passed) |
| Payment Method | Digital payment (EpiqPay) or Paper check |
| Settlement Fund | $190 million |
| Additional Benefits | – Credit monitoring<br>- Identity theft protection<br>- Reimbursement for certain expenses |
| Official Website | capitalonesettlement.com |
| Payment Status | Payments commenced September 28, 2023. |
| Claim Deadline Status | The deadline to claim payments passed on November 27, 2023. |
| Options for Missed Deadline | – Contact the settlement administrator for guidance.<br>- Monitor official channels for updates.<br>- Seek legal advice if applicable. |
| Key Information Sources | – Official settlement website (capitalonesettlement.com)<br>- Settlement administrator contact information (available on website)<br>- Class action lawsuit tracking websites |
| Next Steps | – If eligible and claimed before deadline: Monitor your payment status and utilize additional benefits as instructed by the administrator.<br>- If eligible and missed deadline: Contact the settlement administrator for guidance and explore available options.<br>- If unsure of eligibility: Visit the official website or contact the administrator for clarification. |
Capital One Settlement ligibility Criteria 2024:
To be eligible for the Capital One settlement, you must have met all of the following criteria:
- U.S. Resident: You must have been a resident of the United States at the time of the data breach (July 2019) and at the time of the settlement approval (May 2023).
- Affected Customer: Your personal information must have been accessed during the data breach. This includes, but is not limited to, your name, address, Social Security number, bank account number, or credit card information.
- No Opt-Out: You must not have opted out of the class action lawsuit.
- Claim Submission: You were not required to submit a claim to receive certain benefits, such as credit monitoring and identity theft protection. However, if you wanted to claim financial compensation for out-of-pocket expenses or lost time, you had to submit a valid claim by November 27, 2023.
Additional factors that could impact eligibility:
- Date of Customer Relationship: Individuals who were Capital One customers before and after the data breach were generally considered eligible.
- Type of Information Accessed: The specific type of personal information accessed in the breach could affect eligibility in certain cases.
- Legal Status: Some legal restrictions might have applied to certain individuals, such as minors or deceased individuals.
Appealing the Capital One Settlement: A Step-by-Step Guide
1. Visit the settlement website: Each class action typically has its own dedicated website with information about the case, eligibility requirements, and instructions for filing a claim. Look for the website address in the notice you received or search online using the name of the specific class action.
2. Verify your eligibility: Review the eligibility criteria on the website to ensure you qualify for the settlement. This usually involves checking if you were a Capital One customer during the relevant timeframe and whether your information was affected in the alleged wrongdoing.
3. Gather required documentation: Depending on the settlement, you may need to provide supporting documents with your claim, such as bank statements, credit reports, receipts for out-of-pocket losses, or proof of identity.
4. Submit your claim: The website will usually have a dedicated form or portal for submitting claims. Fill out the form completely and accurately, attaching any necessary documents.
5. Review and confirm: Before submitting your claim, carefully review your information and ensure everything is correct. Once submitted, you may receive a confirmation email or notification.
6. Monitor the case: Stay informed about the progress of the case by checking the settlement website or signing up for updates. The website will usually provide information about key dates, such as deadlines for claims, court hearings, and potential payout dates
How Much Can I Receive From Capital One Settlement?
1. Specific Settlement: Capital One has been involved in various class action lawsuits. Accurately estimating your potential compensation requires identifying the specific settlement you are eligible for. The most prominent one relevant to data breaches is the 2019 settlement, but others might apply to you.
2. Claim Type and Documentation: The settlement offers different compensation components based on your claims and supporting documentation. These include:
- Direct Financial Losses: Documented out-of-pocket expenses due to the data breach, such as fraud monitoring fees, credit report freezes, and identity theft repair costs, are eligible for compensation up to $25,000.
- Lost Time: You can claim $25 per hour for time demonstrably spent addressing the breach consequences, provided adequate documentation exists.
- Identity Defense Services: All eligible members automatically receive three years of complimentary identity theft monitoring and protection services.
3. Settlement Fund Distribution: The $190 million settlement fund will be pro-rated amongst all valid claims. The final individual payout will depend on the total number of claims, their types and amounts, and court approval.
Eligible for Free Restoration Services
Following the Capital One data breach and subsequent settlement, all eligible class members are entitled to five years of complimentary identity restoration services, regardless of whether they submitted claims for lost time or out-of-pocket expenses. This comprehensive service package provides valuable protection and peace of mind for affected individuals.
Details of the Restoration Services:
- Credit Monitoring: Continuous surveillance of your credit reports for unauthorized activity or changes, ensuring prompt identification of potential threats.
- Identity Theft Protection: Real-time alerts and notifications regarding suspicious activity, such as attempts to open new accounts in your name, empowering you to take swift action.
- Fraud Resolution Assistance: Dedicated support and guidance in case you become a victim of identity theft, including assistance with reporting the crime, contacting affected institutions, and initiating recovery efforts to restore your identity.
Claim Deadline and Registration:
While the deadline for financial compensation claims has passed, enrollment in the free restoration services remains open until October 31, 2025. This simple process can be completed online through the Capital One Settlement website, taking only a few minutes to secure valuable protection against identity theft risks.
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