$1.9M Academy Mortgage data breach class action settlement - Top Class Actions
Academy Mortgage Corp. has agreed to a $1.9 million class action settlement to resolve claims it failed to protect consumers from a 2023 data breach that compromised sensitive personal information.
The settlement resolves a class action lawsuit filed after Academy Mortgage suffered a data breach in March 2023 that compromised sensitive consumer information, including Social Security numbers and financial data. Affected individuals had argued that the company could have prevented the breach through reasonable cybersecurity measures.
Academy Mortgage, based in Utah, has not admitted any wrongdoing but agreed to the settlement to resolve the claims. The company notified consumers whose personal information may have been compromised in the breach.
Settlement Benefits
Under the terms of the settlement, class members can receive up to $3,000 for documented losses related to the data breach. These losses can include credit monitoring services, fraud and identity theft damages, bank fees, and communication charges. Documentation is required for these claims.
Class members can also receive a pro rata cash payment without documentation. California residents are eligible to receive double the amount of the pro rata cash payment. All class members will receive three years of free credit monitoring services, including single-bureau credit monitoring, dark web monitoring, up to $1 million in identity theft insurance, and fully managed identity recovery services.
Important Dates
The deadline for exclusion and objection is December 28, 2026. To receive settlement benefits, class members must submit a valid claim form by January 27, 2027. The final approval hearing for the settlement is scheduled for March 31, 2027.
The case is titled Stern, et al. v. Academy Mortgage Corporation, Case No. 2:24-cv-00015-DBB-DAO, in the United States District Court for the District of Utah. Claims are being administered by Kroll Settlement Administration LLC.
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