Figure Lending class action overview:
- Who: Plaintiff George Mardikian filed a class action lawsuit against Figure Lending LLC.
- Why: Mardikian claims Figure Lending failed to adequately safeguard customer information during a data breach in February 2026.
- Where: The class action lawsuit was filed in North Carolina federal court.
A new class action lawsuit claims Figure Lending failed to adequately safeguard highly sensitive customer information during a February 2026 data breach.
Plaintiff George Mardikian claims Figure Lending — a blockchain-based financial technology company — failed to adequately train its employees on cybersecurity and maintain reasonable security safeguards or protocols to protect customer information.
“Defendant’s failures placed the Class’s PII in a vulnerable position — rendering them easy targets for cybercriminals,” the Figure Lending class action says.
Mardikian wants to represent a nationwide class and California subclass of consumers whose personally identifiable information (PII) was compromised in the Figure Lending data breach.
Lawsuit: Figure Lending data breach involved full names, home addresses
The Figure Lending data breach was a result of an employee being tricked with a social engineering attack that allowed hackers to steal a limited number of files, according to the Figure Lending class action.
The stolen files included customer’s full names, home addresses, dates of birth and phone numbers, Mardikian claims.
“Defendant has done little to remedy its Data Breach,” the Figure Lending class action says. “True, Defendant has offered some victims credit monitoring. But upon information and belief, such services are wholly insufficient to compensate Plaintiff and Class Members for the injuries that Defendant inflicted upon them.”
Mardikian claims Figure Lending is guilty of negligence and breach of implied contract, among other things, and violated the California Consumer Privacy Act and California’s Unfair Competition Law.
The plaintiff demands a jury trial and requests declaratory and injunctive relief and an award of compensatory, exemplary, punitive and statutory damages for himself and all class members.
Currently, crypto app Trust Wallet is facing allegations it enabled fraudulent third-party sites to be embedded within its platform.
Have you been affected by this Figure Lending data breach? Let us know in the comments.
The plaintiff is represented by Ruth Sheehan and Joel R. Rhine of Rhine Law Firm, and Raina C. Borrelli of Strauss Borrelli PLLC.
The Figure Lending class action lawsuit is George Mardikian, et al. v. Figure Lending LLC, Case No. 3:26-cv-00135, in the U.S. District Court for the Western District of North Carolina.
Don’t Miss Out!
Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join!
Read About More Class Action Lawsuits & Class Action Settlements:
