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

Professional Finance Co. (PFC) agreed to a $2.5 million class action lawsuit settlement to resolve claims it failed to prevent a 2022 data breach.

The PFC data breach class action settlement benefits individuals whose information was compromised in a February 2022 data breach.

In February 2022, the company learned that an unauthorized third party accessed files containing sensitive consumer information. Affected consumers took legal action, arguing that PFC could have prevented the data breach through reasonable cybersecurity measures.

PFC is a debt collection agency that collects on behalf of healthcare providers, retailers, banks and other businesses.

The company has not admitted any wrongdoing but agreed to pay $2.5 million to resolve the data breach class accusations.

Under the terms of the settlement, class members can receive up to $500 for documented out-of-pocket expenses related to the data breach. These expenses may include bank fees, credit expenses, fraudulent charges, professional fees and more.

Class members whose Social Security numbers were included in the data breach can receive additional benefits. These class members can receive $50 and 24 months of free credit monitoring.

Class members whose Social Security numbers were not included in the data breach can receive 24 months of free identity theft monitoring.

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

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

To receive settlement benefits, class members must submit a valid claim form by April 25, 2025.

Who’s Eligible

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

Potential Award

Up to $500 in reimbursable expenses or a cash payout and/or one year credit monitoring services for qualifying class members.

Proof of Purchase

Documentation of unreimbursed expenses, such as bank statements, credit card statements, receipts and invoices.

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

04/25/2025

Case Name

Rodriguez v. Professional Finance Company Co. Inc., Case No. 1:22-cv-01679-RMR-STV, in the United States 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
P.O. 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