Steel River Systems data breach $200K class action settlement

Updates:

• Top Class Actions readers reported this settlement paying out up to $74 as of April 2024.
• Congratulations to everyone who filed a claim and got paid!

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Steel River Systems agreed to a $200,000 class action settlement to resolve claims that it failed to prevent a 2021 data breach due to subpar cybersecurity measures.

The settlement benefits individuals who received a data breach notification letter from Steel River Systems informing them that their personal information and/or personal information was compromised in a data breach in July 2022.

According to plaintiffs in the data breach class action lawsuit, Steel River Systems failed to properly protect highly confidential information stored on its network. The company’s subpar cybersecurity measures allowed hackers to access sensitive consumers for over a month, the class action lawsuit contends.

Steel River Systems is a nationally licensed collection agency based in Illinois. 

Steel River Systems hasn’t admitted any wrongdoing but agreed to a $200,000 settlement to resolve the data breach class action lawsuit.

Under the terms of the settlement, class members can receive up to $310 for ordinary losses such as bank fees, communication charges, credit expenses and up to three hours of lost time compensated at a rate of $25 per hour. 

Class members who experienced extraordinary data breach losses resulting from fraud or identity theft can receive larger payments of $5,000 for these damages. 

As part of the settlement, the company also agreed to enhance its cybersecurity measures to better protect consumer information.

The deadline for exclusion and objection was Dec. 21, 2023.

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

In order to receive a settlement payment, class members must submit a valid claim form by Dec. 21, 2023.

Who’s Eligible

Individuals who received a data breach notification letter from Steel River Systems informing them that their personal information and/or personal information was compromised in a data breach in July 2022

Potential Award

$5,310

Proof of Purchase

Receipts, credit card charges or other proof of payment.

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

12/21/2023

Case Name

Heath, et al. v. Steel River Systems LLC, Case No. 2023-LA-000006, in the Illinois Fourteenth Judicial Circuit for Whiteside County

Final Hearing

01/03/2024

Settlement Website

SRSDataBreachSettlement.com

Claims Administrator

Steel River Settlement Administrator
c/o CPT Group Inc.
50 Corporate Park
Irvine, CA 92606
SRSDataBreachSettlement@cptgroup.com
888-510-2130

Class Counsel

Gary E Mason
Danielle L Perry
Lisa A White
Theodore B Bell 
MASON LLP 

Scott Edward Cole
COLE & VAN NOTE

Defense Counsel

Paul G Karlsgodt
Amy L Lenz
BAKER & HOSTETLER LLP