Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:This settlement resolves a class action against CSI Financial Services, LLC, which does business as ClearBalance. The complaint alleged that the company failed to take adequate measures to protect the personally identifiable information (PII) of loan recipients, leading to a data security incident that took place between March 8, 2021 and April 26, 2021. The PII may have included names, Social Security numbers, ClearBalance loan number and balance, banking information, clinical health information, or a full-face photograph.
Docket Number:37-2021-00030426
Company: CSI Financial Services, LLC
Filing Deadline: November 24, 2022
Class Period: March 8, 2021 to April 26, 2021
Objection Deadline: November 9, 2022
Exclusion Deadline: November 9, 2022
Final Approval Hearing: January 20, 2023
Proof of Purchase:You do not have to submit proof to get the California payment or the identity theft and credit monitoring. If you are asking for reimbursement, you must submit documentation of your expenses and/or losses.
Eligibility:You may be eligible if you are a person to whom ClearBalance sent a Notice of Data Breach on or around July 9, 2021. You may also be a member of the California Subclass if you had a California address at the time of the data breach.
Typical Settlement Amount:Benefits: (1) California cash payment: $100, for California Subclass members only. (2) Identity theft and credit monitoring: Two years of the Identity Theft Protection Package. (3) Reimbursement of out-of-pocket expenses: Up to $1,100 for expenses associated with dealing with the data breach, such as freezing or unfreezing credit reports and so on, incurred after March 8, 2021. (4) Reimbursement of extraordinary losses: Up to $5,000 for losses incurred on or after March 8, 2021, as a result of identity theft as a result of the data breach. Includes losses for such things as falsified tax returns, false claims for government benefits or medical treatment, and so on. (5) Reimbursement for time spent: Up to $67.50, or three hours at $22.50 per hour, for time spent regarding either out-of-pocket expenses or extraordinary losses. Losses must be fairly traceable to the data breach.
All claims submitted in this settlement are subject to a maximum total amount of $2,650,000. If total claims exceed this amount, payments may be reduced pro rata.
Total Settlement Amount: Up to $2,650,000 to pay claims
Class Representative Proposed Incentive Fee:$2,500
Law Firms:
Blood Hurst & O’Reardon LLP
Kazerouni Law Group APC
Milberg Coleman Bryson Phillips Grossman, PLLC
Claim Form: ClearBalance Class Action Settlement Claim Form
Case Name: Ivo Kolar v. CSI Financial Services LLC dba ClearBalance
Settlement Website: ClearBalance Class Action Settlement Website
Claims Administrator:
Angeion Group
ClearBalance Settlement Administrator
1650 Arch St. Suite 2210
Philadelphia, PA 19103
info@ClearBalanceClassActionSettlement.com
844-999-2066