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Bank of Hope Exposure of Data Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

This settlement resolves a class action against the Bank of Hope. The complaint alleged the bank improperly shared customer information, such as names, financial account information, and Social Security numbers, with a third-party contractor, the Alacer Group, and that a data breach occurred at Alacer in the summer of 2018.

Docket Number:

18STCV02066

Company: Bank of Hope

Filing Deadline: February 7, 2023

Class Period: June 28, 2018

Objection Deadline: February 7, 2023

Exclusion Deadline: February 7, 2023

Final Approval Hearing: April 12, 2023

Proof of Purchase:

If you wish to make a claim for costs and expenses from identity theft resulting from the data breach, you must submit documentation supporting your claim.

Eligibility:

You may be eligible if you belong to either of the classes below:

- The Settlement Class is all Bank of Hope customers living in California as of June 28, 2018 whose information Bank of Hope’s records indicate was provided to the Alacer Group. If you received this Notice, the Bank of Hope’s records indicate that your information was shared, but that does not mean it was necessarily exposed during the data breach.

- The Subclass is all those in the above class who Bank of Hope’s records suggest had information exposed in the data breach.

Typical Settlement Amount:

Benefits:
- Identity theft protection and insurance services: 24 months, from Experian. Deadline to sign up: February 21, 2023
- Money Relief: Up to $500 in costs and expenses resulting from identity theft as a result of the data breach. You must submit documentation and attest that you are not able to submit the same or similar claims to a credit monitoring service or insurer, or that you have done so but your claim was not paid in full.
Note: Only Subclass members are eligible for monetary relief.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

Up to $25,000

Law Firm:
Wilshire Law Firm

Claim Form: BH Settlement Administration Claim Form

Case Name: Schumacher, et al. v. Bank of Hope

Settlement Website: BH Settlement Administration Website

Claims Administrator:
JND Legal Administration

Claims Administrator Contact Information:

Schumacher, et al. v. Bank of Hope
c/o JND Legal Administration
PO Box 91100
Seattle, WA 98111
info@BHsettlementadministration.com
855-533-0046

Tags: Exposing Private Information, Exposure to cyber crime, Your Privacy