We have new information on how to claim money from the TD Ameritrade class action lawsuit settlement we told you about in November.
If you recall, TD Ameritrade was sued in a series of class action lawsuits after it was revealed that an unauthorized third party acquired email addresses of Ameritrade’s account holders that were then used by spammers to send unsolicited commercial emails promoting certain stocks. TD Ameritrade continues to assert that the data breach, which was discovered and corrected in 2007, has not caused any class member to experience identity theft. However, sometimes the cause of a particular instance of identity theft can be difficult to determine and may never be known with certainty. Therefore, TD Ameritrade agreed to pay a maximum $6.5 million class action settlement to provide benefits to all those possibly affected by the 2007 TD Ameritrade data breach.
The Ameritrade settlement class includes all persons who are or were account holders or prospective account holders and who provided physical mailing, postal or email addresses to TD Ameritrade, Inc. on or before September 14, 2007.
The TD Ameritrade class action settlement provides a range of compensation to class members:
(1) If the only identity theft you experienced involves an existing credit or debit card account, you can claim $50.
(2) If you experienced identity theft involving a new account or existing account other than an existing credit or debit card account, you can claim: (a) $250; or (b) any amount up to $1,000 (inclusive of the $250 minimum payment) if and to the extent that you incurred and are also claiming out-of-pocket expenses; or (c) any amount up to $2,000 (inclusive of the $250 minimum payment and out-of-pocket expenses of up to $1,000) if and to the extent that you incurred and are also claiming unreimbursed losses on the account(s) involved in the identity theft.
In order to receive any of these cash benefits from the TD Ameritrade data breach settlement, you must submit a claim form (available at www.www.AccountDataSettlement.com) and any supporting documentation by midnight, Pacific Time, on July 6, 2011.
For detailed information on how to file a valid claim form and receive your share of the TD Ameritrade Account Data Class Action Lawsuit Settlement, see our Open Lawsuit Settlements section.
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