$275K Generational Equity data breach class action settlement

Generational Equity agreed to pay $275,000 to resolve claims that it failed to prevent a 2023 data breach that compromised sensitive consumer information.

The Generational Equity settlement benefits individuals whose private information was impacted by a Generational Equity data breach in February 2023.

The data breach class action lawsuit claimed that Generational Equity failed to protect sensitive consumer information from a 2023 cyber attack. As a result of this alleged negligence, Social Security numbers and other identifiers were allegedly compromised.

Generational Equity is a mergers and acquisitions advisory firm that helps business owners sell their companies.

Generational Equity hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve the data breach class action lawsuit.

Under the terms of the Generational Equity settlement, class members can receive up to $300 for ordinary losses such as bank fees, communication charges, credit expenses and up to three hours of lost time at a rate of $25 per hour.

Class members can also receive up to $3,500 for extraordinary losses such as unreimbursed fraudulent charges or identity theft damages.

All class members can receive two years of free credit monitoring services and identity theft protection.

The deadline for exclusion and objection was Nov. 3, 2024.

The final approval hearing for the Generational Equity data breach settlement was scheduled for Dec. 6, 2024.

To receive settlement benefits, class members need to submit a valid claim form by Dec. 3, 2024.

Who’s Eligible

Individuals who reside in the United States whose private information was impacted by the cybersecurity incident that affected Generational Equity in February 2023.

Potential Award

$3,800

Proof of Purchase

Bank statements, credit reports, police reports, invoices, receipts, etc.

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

12/03/2024

Case Name

Glass v. Generational Equity LLC, et al., Case No. DC-23-20315, in the 298th Judicial District Court of Dallas County, Texas

Final Hearing

12/16/2024

Settlement Website

GenerationalEquitySettlement.com

Claims Administrator

Generational Equity Data Incident Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA19103
877-447-4017

Class Counsel

Raina C Borrelli
STRAUSS BORRELLI PLLC

Joe Kendall
KENNEDY LAW GROUP

Defense Counsel

Amanda Harvey
MULLEN COUGHLIN LLC