TD Ameritrade data breach class action lawsuit overview:ย
- Who: Fortuno Jeanfort filed a class action lawsuit against TD Ameritrade Inc.ย
- Why: Jeanfort claims negligence by TD Ameritrade led to a May data breach that may have exposed the personally identifiable information of its customers.ย
- Where: The class action lawsuit was filed in Nebraska federal court.ย
TD Ameritrade failed to protect and safeguard its customersโ personally identifiable information during a May data breach that occurred following a cyber attack against the MOVEit file transfer software, a class action alleges.ย
Plaintiff Fortuno Jeanfort claims TD Ameritrade has a legal and equitable duty to protect and safeguard personally identifiable information it โobtains, collects, uses, and derives a benefit fromโ in carrying out its business.ย
Jeanfort argues the TD Ameritrade data breach occurred after an unknown actor was able to access files belonging to the company that were saved on the MOVEit server, something he claims was the result of negligence on behalf of the financial services company.ย
โDue to Defendantโs negligence, cybercriminals obtained everything they need to commit identity theft and wreak havoc on the financial and personal lives of thousands of individuals,โ the TD Ameritrade class action states.ย
Jeanfort wants to represent a nationwide class of individuals who received a data breach notice from TD Ameritrade on or around Aug. 3, 2023, informing them that their personally identifiable information may have been accessed or acquired.ย
TD Ameritrade data breach exposed Social Security numbers, names, other private information, class action says
Personally identifiable information exposed in the TD Ameritrade data breach included names, Social Security numbers, financial account information, dates of birth, government identification numbers and other personal identifiers, according to the TD Ameritrade class action.ย
โFor the rest of their lives, Plaintiff and the Class Members will have to deal with the danger of identity thieves possessing and misusing their Personal Information,โ the TD Ameritrade class action states.ย
Jeanfort claims TD Ameritrade is guilty of unjust enrichment, breach of covenant of good faith and fair dealing, invasion of privacy, breach of confidence, breach of fiduciary duty, breach of implied contract, negligence and negligence per se.ย
The plaintiff is demanding a jury trial and requesting declaratory and injunctive relief along with an award of compensatory and punitive damages for himself and all class members.ย
In another case involving TD Ameritrade, the company agreed in July 2022 to pay more than $2.3 million to end claims it breached its contract with its account holders by providing substitute payments instead of dividends without giving compensation for any potential difference.ย
Were you impacted by the TD Ameritrade data breach? Let us know in the comments.
The plaintiff is represented by Gary M. Klinger of Milberg Coleman Bryson Phillips Grossman PLLC and William B. Federman of Federman & Sherwood.
The TD Ameritrade class action lawsuit is Jeanfort v. TD Ameritrade Inc., Case No. 8:23-cv-00381, in the U.S. District Court for the District of Nebraska.
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30 thoughts onTD Ameritrade class action claims company failed to prevent data breach
Please add me I was wondering why they switch to Schwab
Thatโs why it switched to Schwabb
Please add me
Tell me how we can help
Please add me
This is also the first that I am hearing of this. I wish very much to keep informed, and updated as this legal action moves forward. This is not ok for big banks and businesses to be careless with our private information.
This the first Iโm reading of this. Is they Swab bought them out?
Please add me
Data breach???!! I was with TD Ameritrade for years and was never informed of a data breach until I read this article. Iโm with Schwab now (not by choice). But I truly believe I have been impacted as I constantly receive strange text and emails that contains information as if the person or organization knows me. It came out of the blue but has been happening for sometime now. It aligns with when this breach occurred. I have also received strange registration confirmations in my email inbox to hacker type sites that teach people how to hack systems. I will be following this situation as I need to know more! This is scary
When was this announcement of a data breach??????!!!!
I was with TD Ameritrade for over 2 years. Now with Schwab (not by choice) when they suddenly took over. I do not really trust
any of them as Mullen Automotive $MULN happens to be 1 of the stocks Iโm invested-in. Mullen recently filed lawsuit against both
these brokers & another. Currently I am losing 40% or more of disability savings just in this one stock.
I have a TD Ameritrade account.
This is the first I am hearing of a Data Breach with TD Ameritrade.
At this time, to my knowledge, I have not been impacted โ yet