Arden Claims Service Reaches $1.63M Settlement Over 2023 Data Breach Arden Claims Service has agreed to a $1.625 million settlement to resolve a class action lawsuit stemming from a October 2023 cyberattack that exposed the personal data of 143,341 individuals in the U.S. The breach compromised sensitive information, including names and Social Security numbers, prompting legal action. Eligibility & Payout Options Individuals notified by Arden Claims Service about the breach may submit claims for compensation. Settlement benefits include: - Three years of three-bureau credit monitoring, featuring dark web scanning, identity theft insurance, and fraud resolution support. - Cash payments of up to $5,000 for documented out-of-pocket losses (e.g., fraud-related fees, ID replacement costs) or a pro rata flat payment estimated at $125 for those without documented expenses. Claim Process & Deadlines Eligible class members must file claims by February 3, 2026, using their unique ID and PIN from the settlement notice. Accepted payment methods include PayPal, Venmo, Zelle, or paper checks. The opt-out deadline is January 19, 2026, with a final approval hearing scheduled for February 18, 2026. Payouts and credit monitoring benefits will be distributed approximately 60 days after court approval. Settlement Fund Allocation The $1.625 million fund will cover: - Settlement administration costs (TBD) - Attorneys’ fees (up to $541,666.67) - Attorneys’ costs (pending court approval) - Service awards (up to $5,000 per class representative) - Credit monitoring services (cost based on claims filed) - Remaining funds for approved claimants Background & Legal Context The lawsuit followed a targeted cyberattack on Arden’s systems, which the company denies liability for. Both parties opted for settlement to avoid prolonged litigation. The court has not ruled on fault.