Fidelity Class Action: The $2.5M Data Breach Settlement Is Approved and Closed to New Claims
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Two settlements with “Fidelity” in the name were approved on the same day, July 9, 2026 — and they involve different companies. For Fidelity Investments customers, the case is the $2.5 million settlement over the August 2024 data breach. The claim deadline was July 27, 2026, so there is nothing left to file. If you filed in time, payment comes after the approval becomes final; as of September 30, 2026, the official website lists no payment date. The other Fidelity lawsuit headlines — a money market fee case, a shareholder case, workplace 401(k) suits — are sorted below, each on its own.
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Reviewed by Leonard Goldberg, Editor · Last updated
What the Data Breach Lawsuit Said Happened
According to the settlement agreement, between August 17 and August 19, 2024 a third party accessed Fidelity's computer network and obtained customer information without authorization. Fidelity determined that about 77,099 people had to be notified under state law and began sending notices on or around October 9, 2024. It later identified about 86,000 more individuals or joint accountholders whose financial account and routing numbers were involved, but whom Fidelity determined state notice laws did not cover.
The separate suits were combined into one consolidated complaint on February 10, 2025. It alleged nine claims, including negligence, breach of implied contract, unjust enrichment, and violations of Massachusetts, California and New York consumer and privacy laws. Fidelity moved to dismiss the whole case on April 11, 2025; the parties then negotiated a settlement. Fidelity denies wrongdoing, and the court never decided who was right.
How the intruder got in, and the Massachusetts Securities Division's finding that some Massachusetts residents were never notified, are set out in our report on the regulator's file. That regulator fined Fidelity $1.25 million; the money goes to the state, not to customers.
Case Details
In re: Fidelity Investments Data Breach Litigation, Case No. 1:24-cv-12601-LTS, U.S. District Court for the District of Massachusetts, before Judge Leo T. Sorokin. The defendants are FMR LLC and Fidelity Brokerage Services LLC, both doing business as Fidelity Investments. The court-appointed administrator is Simpluris, Inc. Official website: fidelitydatasettlement.com; email info@FidelityDataSettlement.com; toll-free (833) 386-6470; mail to Fidelity Data Security Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958.
Other cases people find under the same name:
Money market fees. Davis v. Fidelity Management & Research Company LLC, No. 1:24-cv-08142-MMG (S.D.N.Y.), filed October 25, 2024, alleged that investors in the Fidelity Government Money Market Fund who qualified for the cheaper premium class (FZCXX: $10,000 in retirement accounts, $100,000 in taxable accounts) were left in the retail class (SPAXX), with expense caps of 0.42% against 0.32%. A federal judge in Manhattan, Margaret Garnett, dismissed it on March 25, 2026, according to news coverage of the ruling. There was no settlement and there is no claim form; we could not confirm whether the plaintiffs appealed.
FIS shareholders. In re Fidelity National Information Services, Inc. Securities Litigation, No. 3:23-cv-252-TJC-PDB (M.D. Fla.), concerns FIS, a separate publicly traded company (NYSE: FIS). Per ClaimDepot's listing, it is a $210 million settlement for people who bought FIS stock from May 7, 2020 through February 10, 2023, with a claim deadline of May 28, 2026; FIS reports final approval at the July 9, 2026 hearing.
Title insurance. Fidelity National Financial is a separate company with title insurance operations. Its November 2023 breach case, and letters from Fidelity Investments Life Insurance about a 2023 incident at a vendor, are separate matters — our news report sorts the incidents.
Workplace 401(k) plans. Fidelity is sometimes sued alongside an employer that uses it to run a retirement plan. One example, Clark v. Centene Corp. (N.D. Cal.), alleges Fidelity charged that plan's participants $39 to $50 a year in administrative costs for the 2019 through 2023 plan years. Cases like this cover only that employer's plan participants, not Fidelity's retail customers.
Status: Approved, Claims Closed, Payment Date Not Yet Published
Under the settlement agreement, the approval becomes final 30 days after the approval order if no appeal is filed. Payments then go out within 30 days after the administrator determines how the fund is divided. As of September 30, 2026, the official website still shows the pre-hearing line “The Court in charge of this case still has to decide whether to approve the Settlement” and publishes no payment date. An outdated homepage is not by itself a sign that anything went wrong; it does mean the website is not a reliable place to watch for a date.
Who Was in the Class — and What That Means Now
The class is everyone in the United States to whom Fidelity sent notice of the breach under state law, plus everyone in the United States whose account number and routing number were exposed — about 155,000 individuals or joint accountholders in total. You could be in the class without ever getting a letter: for the roughly 86,000 people in the second group, Fidelity determined that state notice laws did not require a letter.
If you filed a claim by July 27, 2026: you wait for payment. Keep your claim confirmation, and tell the administrator if your email or mailing address has changed.
If you did not file: you receive nothing from this settlement, and unless you opted out by June 26, 2026, you gave up the right to sue Fidelity over this incident. That release applies even to people who never saw a notice — why a missed deadline still binds you.
What the Fidelity Settlement Pays
Documented losses: up to $5,000, with proof, for losses between August 17, 2024 and July 27, 2026.
Cash payment, no proof: expected to be $100, but larger or smaller depending on how many claims were filed.
California residents: an additional $50 under the California Consumer Privacy Act, also subject to change.
Monitoring: two years of CyEx Financial Shield Complete with $1 million of fraud insurance, for those who asked for it.
The arithmetic behind the $100: $2.5 million spread across all 155,000 class members would be about $16 each before fees. A $100 payment is only possible because most class members never file.
Payment comes as an electronic payment or, if you asked for one, a mailed check. Checks expire if not cashed within 90 days of issue.
Fidelity Data Breach Case Timeline
- 1
August 17–19, 2024 — The Breach
A third party accesses Fidelity's computer network and obtains customer information without authorization, according to the settlement agreement.
- 2
October 9, 2024 — Notices Begin
Fidelity starts notifying the roughly 77,099 people that state law required it to tell. About 86,000 more, with account and routing numbers involved, fall outside state notice laws by Fidelity's determination.
- 3
February 10, 2025 — One Consolidated Case
The separate suits become one consolidated complaint in federal court in Massachusetts, No. 1:24-cv-12601-LTS. Fidelity moves to dismiss it on April 11, 2025.
- 4
March 10, 2026 — $2.5 Million Settlement Filed
The settlement agreement is filed with the court. Notice emails follow; one sent between April 27 and May 1, 2026 had blank name fields, and a corrective email followed, per a May 19, 2026 update.
- 5
July 9, 2026 — Final Approval
The court holds the final approval hearing and enters judgment. Opt-outs and objections had closed June 26, 2026; claims closed July 27, 2026.
- 6
September 30, 2026 — Waiting on Payment
No payment date has been published. Payments go out after the approval becomes final and the administrator divides the fund.
Three Things to Watch For
A closed claims period and a payment still to come is when fake “Fidelity settlement” messages work best:
“File your Fidelity claim” pages
The claim deadline was July 27, 2026. Settlement directories that still say “file now” are out of date, and a site taking a claim today — especially one asking for your Social Security number or Fidelity account number — is not part of the court's process.
Payment emails that ask for your Fidelity login
The administrator already has your claim. It never needs your Fidelity username, password or a security code, and no real payment requires a fee. Check by typing fidelitydatasettlement.com yourself or calling (833) 386-6470 — not a number or link from the message.
“We can still get your share” offers
If you missed the deadline, no one can file for you now. A company charging a fee or a percentage to “recover” your Fidelity settlement money cannot reopen a closed claims period, and the release already applies to class members who did not opt out.
Fidelity Lawsuit — Questions People Actually Ask
Is there a Fidelity class action I can still join?
Not for the 2024 data breach. The claim deadline was July 27, 2026, and the opt-out deadline was June 26, 2026. You never had to sign up to be a class member, but the only way to be paid was a timely claim form.
When will Fidelity settlement payments arrive?
No date has been published. Under the agreement, the approval becomes final 30 days after the approval order if no one appeals, and payments go out within 30 days after the administrator divides the fund. An appeal would delay everything. Watch your email and mail, and ask the administrator at (833) 386-6470 if your contact details changed.
How much is the Fidelity settlement payment?
The no-proof cash payment was expected to be $100, and the website says it may be larger or smaller depending on how many claims were filed. California residents who claimed get an additional $50, which may also change. Documented losses could be reimbursed up to $5,000.
I never got a notice. Was I part of the Fidelity lawsuit?
Possibly. Besides the roughly 77,099 people Fidelity had to notify, the class includes about 86,000 more individuals or joint accountholders whose account and routing numbers were exposed but whom Fidelity determined state notice laws did not cover. The administrator can tell you whether you were on the class list.
What happened to the Fidelity money market lawsuit (SPAXX and FZCXX)?
A federal judge in Manhattan dismissed Davis v. Fidelity Management & Research Company LLC on March 25, 2026, according to news coverage of the ruling. It had alleged that investors who qualified for the cheaper premium class of the Government Money Market Fund were kept in the pricier retail class. There was no settlement, so there is no money and no claim form; we could not confirm whether an appeal was filed.
Is the FIS or Fidelity National Financial settlement the same thing?
No. Fidelity National Information Services (FIS) is a separate publicly traded company whose $210 million shareholder settlement covered FIS stock buyers; its claim deadline was May 28, 2026. Fidelity National Financial is a separate company with title insurance operations. Neither case involves Fidelity Investments accounts.
Can I still sue Fidelity over the 2024 breach?
Only if you opted out by June 26, 2026. Class members who did not opt out gave up the right to sue over the claims this settlement resolves, whether or not they filed a claim.
What is worth doing right now?
Freeze your credit at all three bureaus — it is free and reversible, and it protects you whatever happens with the settlement. If you filed a claim, keep your confirmation and make sure the administrator has your current email address. For other open cases, see our list of open class action settlements.
Separate from this case: were you injured in the last 2 years?
Class-action payouts are fixed amounts through an administrator. A personal injury claim is a different case — and often worth far more. Free estimate, no obligation.
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