$2.5M Professional Finance Co. data breach class action settlement

Professional Finance Co. agreed to a $2.5 million class action lawsuit settlement to resolve claims it failed to prevent a 2022 data breach that compromised sensitive consumer information.

The Professional Finance Co. settlement benefits individuals whose information the Professional Finance data breach compromised in February 2022.

The Professional Finance Co. data breach potentially exposed sensitive information, such as Social Security numbers. Affected consumers filed a class action lawsuit against Professional Finance Co., arguing the company failed to protect their information from cybercriminals.

Professional Finance Co. is a debt collection agency that partners with other businesses to collect debts.

Professional Finance Co. hasn’t admitted any wrongdoing but agreed to pay $2.5 million to resolve the data breach class action lawsuit.

Under the terms of the Professional Finance Co. settlement, all class members can receive a cash payment.

Class members whose Social Security numbers were compromised can receive up to $500 in reimbursement for data breach-related expenses, such as unreimbursed fraud and identity theft losses, professional fees, credit expenses and other damages. They can also receive 24 months of free identity monitoring through Identity Defense Plus.

California class members can receive a $50 cash payment if their Social Security number was compromised.

The deadline for exclusion and objection was Jan. 13, 2025.

The final approval hearing for the Professional Finance data breach settlement is scheduled for April 17, 2025.

To receive settlement benefits, class members must submit a valid claim form by Feb. 12, 2025.

Who’s Eligible

Individuals whose information the Professional Finance Co. data breach potentially compromised in February 2022

Potential Award

$500

Proof of Purchase

Documentation of unreimbursed expenses, such as bank statements, credit card statements, receipts, invoices or other third-party documentation

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

02/12/2025

Case Name

Rodriguez v. Professional Finance Co. Inc., Case No. 1:22-cv-01679-RMR-STV, in the U.S. District Court for the District of Colorado

Final Hearing

04/17/2025

Settlement Website

ProfessionalFinanceSettlement.com

Claims Administrator

Rodriguez v. Professional Finance Co. Inc.
c/o Kroll Settlement Administration LLC
PO Box 225391
New York, NY 10150-5391
[email protected]
833-627-7416

Class Counsel

Jean S Martin
MORGAN & MORGAN

Terence R Coates
MARKOVITS, STOCK & DEMARCO LLC

Joseph M Lyon
THE LYON FIRM

Defense Counsel

Christopher Wood
LEWIS BRISBOIS BISGAARD & SMITH LLP