Schuster Co. Data Breach Settlement Offers Compensation for Affected Individuals A class action settlement has been reached in the wake of a January 2024 data breach at Schuster Co., which allegedly exposed sensitive personal information including names, Social Security numbers, dates of birth, and driver’s license or state ID numbers of U.S. residents. Who Is Eligible? Individuals who received a breach notification from Schuster Co. or whose data was compromised in the incident may qualify for compensation. The settlement covers those affected by the breach, with claims open until September 14, 2026. Compensation Options Eligible class members can choose from the following: - Cash Payment A (Up to $2,500): For documented out-of-pocket losses (e.g., fraud-related expenses, credit monitoring fees, ID replacement costs) or time spent addressing the breach (up to $80 at $20/hour for four hours). - Cash Payment B ($50): A one-time payment for those without documented losses, requiring no proof. - Credit Monitoring: Two years of CyEx Financial Shield, which includes fraud detection and identity theft resolution services. How to File a Claim Claims can be submitted online or via mail to the settlement administrator (Schuster Data Incident Settlement, P.O. Box 25226, Santa Ana, CA 92799-9958). Documentation is required for out-of-pocket loss claims but not for the $50 payment or credit monitoring. Settlement Fund Breakdown The total fund covers: - $21,000 for administration costs - Up to $140,000 in attorneys’ fees - $6,000 in service awards for class representatives - Remaining funds for class member payments and credit monitoring Key Dates - Opt-out deadline: August 14, 2026 - Claim submission deadline: September 14, 2026 - Final approval hearing: September 28, 2026 - Payouts: Issued after final court approval, pending any appeals Background The lawsuit alleged Schuster Co. failed to adequately secure personal data, leading to the breach. While the company denies wrongdoing, the settlement was reached to avoid prolonged litigation. Payments will be distributed after the court’s final approval.