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:Morgan Stanley Smith Barney, LLC is settling a class action alleging it is responsible for two separate data security incidents that it claims compromised the personally identifying information (PII) of some 15 million customers, in 2016 and 2019. Among other things, the complaint alleges that the company improperly disposed of IT equipment containing customer PII that were subsequently sold to other parties.
Docket Number:1:20-cv-05914-AT
Company: Morgan Stanley Smith Barney, LLC
Filing Deadline: June 2, 2022
Objection Deadline: May 3, 2022
Exclusion Deadline: May 3, 2022
Final Approval Hearing: June 8, 2022
Proof of Purchase:If you want to make a claim for reimbursement of out-of-pocket losses or additional time spent due to the data breaches, you must provide documentation. The Settlement Administrator may request additional documentation from you. If you have not received a unique code to file a claim, contact the Settlement Administrator.
Eligibility:Benefits: (1) Aura’s Financial Shield fraud insurance for at least 24 months. Sign up at the settlement website. (2) Reimbursement of our-of-pocket losses of up to $10,000. (3) Payments for time spent remedying issues from the data breach, up to four hours at $25 per hour, and up to an additional five hours, with documentation, at $25 or, if you lost work, for documented compensation at $50 per hour.
Typical Settlement Amount:Benefits: (1) Aura’s Financial Shield fraud insurance for at least 24 months. Sign up at the settlement website. (2) Reimbursement of our-of-pocket losses of up to $10,000. (3) Payments for time spent remedying issues from the data breach, up to four hours at $25 per hour, and up to an additional five hours, with documentation, at $25 or, if you lost work, for documented compensation at $50 per hour.
Total Settlement Amount: $60 million
Class Representative Proposed Incentive Fee:$10,000
Law Firms:
Morgan & Morgan
Nussbaum Law Group PC
Claim Form: Morgan Stanley Two Data Security Incidents Settlement Claim Form
Case Name: In re Morgan Stanley Data Security Litigation
Settlement Website: Morgan Stanley Two Data Security Incidents Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Morgan Stanley Data Security Settlement
Settlement Administrator
P.O. Box 6758
Portland, OR 97228-6758
info@MorganStanleyDataSecuritySettlement.com
855-604-1744