$1.9M Academy Mortgage data breach class action settlement

Academy Mortgage Corp. agreed to a $1.9 million class action settlement to resolve claims it failed to protect consumers from a 2023 data breach.

The Academy Mortgage settlement benefits individuals who were notified by Academy Mortgage that their personal information may have been compromised in a March 2023 data breach.

In March 2023, Academy Mortgage suffered a data breach that compromised sensitive consumer information, such as Social Security numbers and financial data. Consumers took legal action against the company, arguing that Academy Mortgage could have prevented the breach through reasonable cybersecurity measures.

Academy Mortgage, a mortgage lender based in Utah, has not admitted any wrongdoing but agreed to a $1.9 million class action settlement to resolve the data breach class action lawsuit.

Under the terms of the Academy Mortgage settlement, class members can receive up to $3,000 for documented losses related to the data breach. These losses can include credit monitoring services, fraud and identity theft damages, bank fees, communication charges and more. Documentation is required for these losses.

Class members can also receive a pro rata cash payment from the settlement. No documentation is required to claim these payments. California residents can receive double the amount of the pro rata cash payment.

All class members are eligible for three years of free credit monitoring services. These services include single-bureau credit monitoring, dark web monitoring, up to $1 million in identity theft insurance and fully managed identity recovery services.

The deadline for exclusion and objection is Dec. 28, 2026.

The final approval hearing for the Academy Mortgage settlement is scheduled for March 31, 2027.

To receive settlement benefits, class members must submit a valid claim form by Jan. 27, 2027.

Who’s Eligible

The Academy Mortgage class action settlement benefits individuals who were notified by Academy Mortgage that their personal information may have been compromised in a March 2023 data breach.

Potential Award

Up to $3,000 for documented losses or a pro rata payment, doubled for California residents

Proof of Purchase

Documentation such as telephone records, correspondence and receipts

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

01/27/2027

Case Name

Stern, et al. v. Academy Mortgage Corporation, Case No. 2:24-cv-00015-DBB-DAO, in the United States District Court for the District of Utah

Final Hearing

03/31/2027

Settlement Website

AcademyMortgageSettlement.com

Claims Administrator

Stern, et al. v. Academy Mortgage Corporation
c/o Kroll Settlement Administration LLC
P.O. Box 225391
New York, NY 10150-5391
833-453-2018

Class Counsel

Brittany Resch
STRAUSS BORRELLI PLLC

Anthony L. Parkhill
BARNOW AND ASSOCIATES P.C.

Andrew W. Ferich
AHDOOT & WOLFSON P.C.

Defense Counsel

SHOOK, HARDY & BACON LLP

FREEMAN, MATHIS & GARY LLP