“(A)n unauthorized party potentially acquired the personally identifiable information (“PII”) of approximately 16.9 million individuals associated with loanDepot”
Oh gee, that’s just great:
Name: PATRICK BURWELL
Notice ID: LDD1010913372
Confirmation Code: AK97ydwkww3RCourt Approved Legal Notice
In re loanDepot Data Breach Litigation
Case No. 8:24-cv-00136-DOC-JDE (C.D. Cal.)A federal court has authorized this Notice.
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What is this Notice about? A proposed Settlement has been reached with loanDepot, Inc. (“loanDepot”) relating to an alleged data breach on January 3-5, 2024, whereby an unauthorized party potentially acquired the personally identifiable information (“PII”) of approximately 16.9 million individuals associated with loanDepot (“Data Breach”). Plaintiffs claim that loanDepot did not adequately protect its clients’ information. loanDepot denies any wrongdoing. No judgment or determination of wrongdoing has been made.
Who is included in the Settlement? Records indicate you are included in this Settlement and eligible to receive a cash payment and financial monitoring. Class Members are the approximately 16.9 million persons whose PII may have been acquired as a result of the Data Breach and are identified on the Settlement Class List as having been sent individualized written notice of the breach.
What benefits can I receive? Settlement Class Members can obtain several valuable benefits described below.
- Two years of free Financial Monitoring and Identity Theft Insurance Services through CyEx by Pango Group;
- Monetary Payment, for the alleged damages. The amount depends on the claims rate, but will be each Participating Class Member’s pro rata share of the Net Settlement Fund, after all other Benefits have been paid;
- Cash payment of up to $5,000 for Out-of-Pocket Costs, for reimbursement of documented losses and/or expenditures fairly traceable to the Data Breach, may be reduced pro rata depending on the number of claims;
- California Subclass Payment to members of California Subclass for the claim brought under the CCPA, but will be each member of the California Subclass’s pro rata share of the California Subclass Settlement Fund.
How can I receive the Settlement Benefits? To receive benefits, you must file and submit a Claim Form, including any required documentation, on or before May 27, 2025. You may visit www.LoanDepotBreachSettlement.com to file a claim for Monetary Payment or Financial Monitoring. To file a claim for Out-of-Pocket Costs or for a California Subclass Payment, you must submit your Claim Form online, or obtain a Claim Form at www.LoanDepotBreachSettlement.com or by emailing info@LoanDepotBreachSettlement.com.
What are my other options? If you file a Claim Form, object to the Settlement or do nothing, you are choosing to stay in the Settlement Class. You will be legally bound by all orders of the Court and you will not be able to start, continue or be part of any other lawsuit against Defendant or related parties about the Data Breach. If you don’t want to be legally bound by the Settlement or receive any benefits from it, you must exclude yourself on or before April 27, 2025. If you do not exclude yourself, you may object to the Settlement on or before April 27, 2025.
Final Approval Hearing. The Court scheduled a hearing in this case for August 18, 2025, at 8:30 a.m., to consider whether to approve the Settlement, Service Awards, attorneys’ fees and costs; and any objections. You or your attorney may attend and ask to appear at the hearing by mailing a “Notice of Intent to Appear” to the Court by April 27, 2025, but you are not required to do so.
More Information. Complete information about all your rights and options, as well as Claim Forms, the Long Form Notice, and the Settlement Agreement are available online at www.LoanDepotBreachSettlement.com or by calling toll-free 1-844-996-4090.