Fidelity Agrees to Pay $2.5M Settlement in Data Breach Class Action Lawsuit

A Massachusetts federal judge granted preliminary approval to a proposed $2.5 million class action settlement resolving claims that Fidelity Investments failed to adequately safeguard the personal information of more than 155,000 account holders during a 2024 data breach.

U.S. District Judge Leo T. Sorokin approved the settlement for preliminary purposes, finding that the proposed nationwide class appears to present common legal and factual questions and represents a fair and efficient way to resolve the dispute.

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