$4.76M Group 1001 data breach class action settlement

Consumers can receive payments from a $4.76 million Group 1001 settlement resolving claims the company failed to protect consumers from a 2023 data breach.

The settlement benefits Group 1001 customers, employees, dependants, payees and others whose personal information may have been exposed during the 2023 data breach.

Plaintiffs in the data breach class action lawsuit claim Group 1001 failed to protect them from a February 2023 data breach that compromised sensitive data. The consumers argue Group 1001 could have prevented the data breach by implementing reasonable cybersecurity measures.

Group 1001 Insurance is an insurance and annuity company that utilizes an online investing platform.

Group 1001 Insurance hasn’t admitted any wrongdoing but agreed to pay $4.76 million to resolve the data breach class action lawsuit.

Under the terms of the Group 1001 settlement, class members can receive up to $5,000 in reimbursement for data breach-related losses, including bank fees, communication charges, travel expenses, credit costs and up to four hours of lost time at a rate of $20 per hour. As an alternative to this reimbursement, class members may instead claim a pro rata cash payment. Payments will be at least $5 but exact amounts will vary depending on the number of valid claims filed.

Class members can also receive three years of free credit monitoring and identity theft protection services. These services offer many benefits, including $1 million in identity theft insurance.

The deadline for exclusion and objection is Sept. 10, 2024.

The final approval hearing for the settlement is scheduled for Oct. 3, 2024.

To receive Group 1001 settlement benefits, class members must submit a valid claim form by Oct. 10, 2024.

Who’s Eligible

Group 1001 customers, employees, dependants, payees and others whose personal information may have been exposed during the 2023 data breach.

Potential Award

$5,000

Proof of Purchase

Bills, receipts, invoices, account statements, credit reports and other documentation of data breach-related losses.

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

10/10/2024

Case Name

Weigand, et al. v. Group 1001 Insurance Holdings LLC, et al., Case No. 1:23-cv-01452-RLY-TAB, in the U.S. District Court for the Southern District of Indiana

Final Hearing

10/03/2024

Settlement Website

Group1001Settlement.com

Claims Administrator

Weigand, et al. v Group 1001 Insurance Holdings, LLC et al.
c/o Kroll Settlement Administration LLC
P.O. Box 5324
New York, NY 10150-5324
Info@Group1001settlement.com
833-522-7100

Class Counsel

Lynn A Toops
COHEN & MALAD LLP

J Gerard Stranch IV
STRANCH JENNINGS & GARVEY PLLC

Defense Counsel

Joseph W Swanson
FOLEY & LARDNER LLP

John E Clabby
CARLTON FIELDS PA