If You were Impacted by the Data Incident Experienced by Professional Finance Company, Inc., You Could be Eligible for a Payment from a Class Action Settlement
- You may be eligible to receive a payment from a proposed $2,500,000 non-reversionary class action settlement (the “Settlement Fund”).
- The class action lawsuit concerns the February 2022 Data Incident involving Professional Finance Company, Inc. (“PFC”) in which Plaintiffs allege that an unauthorized third party gained access to certain of Defendant’s files containing the sensitive personal information including names and Social Security numbers of some customers of Defendant’s clients and others with whom Defendant interacts. Defendant disagrees with Plaintiffs’ claims and denies any liability or wrongdoing.
- To be eligible to make a claim, your data must have been impacted in the February 2022 Data Incident experienced by Defendant.
- Eligible claimants of the SSN Subclass under the Settlement Agreement will be eligible to receive:
- Reimbursement for the actual amount of unreimbursed out-of-pocket expenses up to $500, with supporting documentation of the monetary losses;
- Enrollment in 24 months of free credit monitoring (“Credit Monitoring”) in the form of Identity Defense Complete provided by CyEx for SSN Subclass Members.
- $50 cash payment to SSN Subclass Members residing in California at the time of the Data Incident.
- Eligible claimants of the Non-SSN Subclass under the Settlement Agreement will be eligible to receive:
- Enrollment in 24 months of free identity theft monitoring (“Identity Monitoring”) in the form of Identity Defense Plus provided by CyEx for Non-SSN Subclass Members.
Please read this notice carefully. Your legal rights will be affected, and you have a choice to make at this time.
| Summary of Legal Rights | Deadline(s) | |
Submit a Claim Form
| You must submit a valid Claim Form to receive payment. | Submitted or postmarked on or Before February 12, 2025 |
Exclude Yourself by Opting Out of the Class
| Receive no payment. This is the only option that allows you to keep your right to bring any other lawsuit against Defendant for the same claims. | Submitted or postmarked on or Before January 13, 2025
|
Object to the Settlement and/or Attend the Fairness Hearing
| Stay in the Settlement, but tell the Court about why you disagree with the settlement. You will still be bound by the settlement if the Court approves it. You can also ask to speak to the Court at the Final Approval Hearing on April 14, 2025, about the fairness of the settlement, with or without your own attorney. | Received on or Before January 13, 2025 |
Do Nothing
| Receive no payment. Give up rights if you are a Class Member. | N/A |
- Your rights and options as a Class Member— and the deadlines to exercise your rights—are explained in this notice.
- The Court still will have to decide whether to approve the settlement. Benefits, including applicable payments to Class Members will be made if the Court approves the settlement and after any possible appeals are resolved.