A cybersecurity incident involving a third-party service provider occurred between December 19, 2023 and January 19, 2024 and was disclosed by CUSO in October 2024, allegedly exposing settlement class members' information.
Eligibility
Settlement class members whose information was involved in the CUSO Financial Services cybersecurity incident disclosed in October 2024, including members of the California Subclass.
Estimated Payout
Statutory cash payment of up to $100.00 for California Subclass members (claims-made, amount depends on approved claims), and/or reimbursement of documented losses up to $5,000.00, plus credit monitoring services
Claim Deadline
2026-11-16
Background
A class action settlement has been reached in Sinitsa v. CUSO Financial Services, L.P. (Case No. VCU326251, California Superior Court, County of Tulare) over a cybersecurity incident involving a third-party service provider that occurred between December 19, 2023 and January 19, 2024, which CUSO disclosed in October 2024. CUSO denies all material allegations in the action, including any allegations of negligence, fault, wrongdoing or liability, and the settlement resolves disputed legal claims without any admission of liability. The official settlement website states that settlement class members may submit a claim for reimbursement of reasonable documented losses up to a maximum of $5,000.00, and that California Subclass members may elect, in addition or as an alternative, a statutory cash payment of up to $100.00 on a claims-made basis; the amount received depends on the number of approved claims. Eligible class members may also receive credit monitoring services. The deadline to submit a Claim Form is November 16, 2026 and the deadline to opt out of the settlement is October 1, 2026.