$750K Loren D. Stark Co. data breach class action settlement

Loren D. Stark Co. Inc. agreed to a $750,000 class action lawsuit settlement to resolve claims it failed to prevent a 2022 data breach that compromised sensitive personal information.

The Loren D. Stark Co. settlement benefits individuals who received a notification letter from Loren D. Stark Co. informing them their personal information may have been compromised in an October 2022 data breach.

Plaintiffs in the data breach class action lawsuit claim the company failed to implement reasonable cybersecurity measures that could have prevented the Loren D. Stark Co. data breach. As a result of this alleged negligence, the plaintiffs and other class members claim they had their sensitive information compromised.

Loren D. Stark Co. is a retirement plan consulting firm with locations in Texas, Louisiana and Oklahoma.

Loren D. Stark Co. hasn’t admitted any wrongdoing but agreed to the $750,000 class action settlement to resolve these allegations.

Under the terms of the Loren D. Stark Co. settlement, class members can receive up to $5,000 in reimbursement for out-of-pocket expenses related to the data breach. Covered Loren D. Stark Co. data breach expenses can include fraudulent charges, identity theft costs, credit monitoring expenses, communication costs and other losses. Class members must provide documentation of these losses in order to receive reimbursement.

Class members can also receive a pro rata share of the net settlement fund. Exact payments will vary depending on the number of claims filed with the settlement, but class members can receive up to $70.

In addition to providing monetary benefits, Loren D. Stark Co. also agreed to take additional security measures to better protect consumer data.

The deadline for exclusion and objection is Dec. 17, 2024.

The final approval hearing for the settlement is scheduled for Jan. 21, 2025.

To receive settlement benefits, class members must submit a valid claim form by Dec. 17, 2024.

Who’s Eligible

Individuals who received a notification letter from Loren D. Stark Company Inc. stating their personal information was or may have been compromised in an October 2022 data breach

Potential Award

$5,070

Proof of Purchase

Documentation of losses, such as bank statements, credit 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

12/17/2024

Case Name

Kohn, et al. v. Loren D. Stark Company Inc., Case No. 4:23-cv-03035, in the U.S. District Court for the Southern District of Texas

Final Hearing

01/21/2025

Settlement Website

LDSCODataSettlement.com

Claims Administrator

LDSCO Data Incident Settlement Administrator
P.O. Box 301134
Los Angeles, CA 90030-1134
[email protected]
866-644-9953

Class Counsel

Justin C Walker
MARKOVITS, STOCK & DEMARCO LLC

John J Nelson
MILBERG COLEMAN BRYSON PHILLIPS GROSSMAN PLLC

Defense Counsel

Laura De Santos
Joseph Salvo
John T Mills
GORDON REES SCULLY MANSUKHANI LLP