The per person payout of USAA Data Breach Settlement will be based on pro rata basis after the deductions of administrative costs and legal fees from the net settlement fund of $3.25 million. The final date to submit the settlement payment election form is 7 April, while the final hearing will take place May 21, 2025.
The payout date is not confirmed because it depends on the decision of the final approval hearing which decides the fairness of the class action. If this settlement is approved finally, then the payout distribution will start after the appeal phase resolution.
USAA Data Breach Settlement
The USAA Data Breach Settlement is about a class action to resolve claims that it failed to prevent a 2021 data breach which has affected sensitive personal information of customers of the United Services Automobile Association (USAA).
USAA has not admitted any wrongdoing, but they have agreed to pay a total of $3.25 million after the preliminary approval of this class action. This settlement has raised concern about data security measures to protect customers’ data.
How much class members of USAA Data Breach Settlement will receive?
The exact payout amount of USAA Data Breach Settlement is not conference yet but it will be based on many factors such as the total number of valid claims submitted and the deductions made from the settlement fund for legal fees, administrative costs, and other expenses.
The total settlement fund of $3.25 million will be distributed among eligible class members on a pro rata basis. It means all class members will receive an equal share from the total settlement fund. The expected settlement class can be based on 22,600 individuals.
Who is entitled to take part in USAA Data Breach Settlement?
The eligible criteria of USAA Data Breach Settlement is criticised here for those class members who want to take part in this class action.
- Customers whose personal information was accessed, stolen or compromised as a result of the USAA data breach on or around May 6, 2021 are eligible to take part in this settlement class.
- Those who have received official notification from USAA about the data breach are also eligible.
- The settlement is limited to individuals who are residing in the United States.
- Qualifying Individuals will be those who will submit the payment election form by the deadline of 7 April 2025.
- Individuals who do not file a Settlement Payment Election will be eligible to receive payout if the Settlement Administrator can identify your valid mailing address otherwise, no payout will be issued to you.
- Those who will exclude themselves from the settlement class will not receive any payout.
- Certain individuals are not eligible to take part in this settlement class including:
- USAA’s employees, officers, directors, legal representatives, successors, subsidiaries, and assigns.
- any judge, justice, or judicial officer and their family members.
When can class members expect USAA Data Breach Settlement Payout?
The payout of USAA Data Breach Settlement can be anticipated following the final approval, which is scheduled to take place on MAY 21, 2025, at 10:00 A.M.. According to the official website, the location, date, or time can be changed without any further notice.
If the final hearing is approved, there will be an appeal phase which takes a longer time to resolve. The administrative process,s including verifying the eligibility criteria of the claimants, calculation of the settlement fund, and requirements of additional information if needed, can also affect the timeline of payout.
The settlement payment will be issued through paper check or electronic method such as PayPal, Venmo, Zelle, virtual prepaid cards, or direct deposit. There can be several reasons which contribute to the delay of settlement payout such as processing of a high volume of claim forms, longer appeals phase, and payment delivery method.
How to file a Settlement Payment Election Form?
The step-by-step process to fill out the settlement form is available below.
- Go to the settlement website, which is accessible through the link https://www.usaadatasettlement.com/.
- Individuals can also download the form if they want to send it by mail.
- The form can be accessed through the Claimant Identification Code and Confirmation Code which you have received in the personalized notice in the mail or via email.
- At this step, make sure each and every field is filled accurately.
- Don’t forget to select the payment method and double check each given detail.
- In the last step, submit this form via the official website or mail it to Angeion Group LLC, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.
- Upon submission, the settlement administrator will verify your eligibility and ask for any further information if needed. After settlement approval, eligible claimants will receive their settlement payout.