Fidelity Investments customers may be eligible for a payout from the company’s $2.5 million settlement of a class-action lawsuit involving a 2024 data breach.

Fidelity Investments and Fidelity Brokerage Services agreed on May 13 to the settlement. The lawsuit, filed in federal court in Massachusetts, claimed Fidelity failed to protect its computer network from a “data security incident” that occurred between Aug. 17, 2024, and Aug. 19, 2024.

During that period, a third party gained unauthorized access to the network and obtained certain information, according to the settlement website. As part of the settlement, Fidelity denied any wrongdoing.

“The parties have agreed to settle the lawsuit … to avoid the costs and risks, disruptions, and uncertainties of continuing the Litigation,” according to Fidelity.

The attorneys representing the customers in the lawsuit “have determined that the Settlement set forth in this Settlement Agreement is fair, reasonable, and adequate, and in the best interests of the Settlement Class,” according to court documents.

Here’s who’s eligible for part of the $2.5 million Fidelity settlement.

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Who’s eligible for payment in Fidelity settlement?

Fidelity and the suing consumers have agreed to settle the case for $2.5 million. Before being paid out to class members, the agreement must be approved by the court; a hearing is scheduled for July 9. You can file an online claim on the settlement website and must do so by July 27.

Fidelity said it had notified more than 77,000 persons about the breach. An additional 86,000 customers whose financial accounts and routing numbers were compromised may be eligible, according to court documents.

If you are uncertain whether you are eligible for a payout, you can contact Fidelity via email at info@FidelityDataSettlement.com or call (833) 386-6470. For more information, go to the settlement website.

If approved by the court, the group eligible for payment includes:

How much money can you get from the Fidelity settlement?

Payouts could range from about $50 to up to $5,000. Here’s the type of payments that may be issued:

• Reimbursement of Documented Monetary Losses: You may receive up to $5,000 in actual, documented out-of-pocket losses due to the breach, which occurred between Aug. 17, 2024, and July 27, 2026.

• Pro Rata Cash Payment: Members of the class could get payments of about $100, possibly larger or smaller (“pro rata” means in proportion). Those affected do not have to provide any proof or explanation to claim this payment.

• California Consumer Privacy Act Payment (California residents only): Another proportional payment because of the CCPA is expected to be about $50.