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Morgan Stanley Two Data Security Incidents Settlement

Settlement Structure: Claims Made

Active: Open

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.

Claims Administrator Contact Information:

Morgan Stanley Data Security Settlement
Settlement Administrator
P.O. Box 6758
Portland, OR 97228-6758
info@MorganStanleyDataSecuritySettlement.com
855-604-1744

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