SitusAMC Holdings Corp. Agrees to $5.3M Settlement Over 2025 Data Breach
SitusAMC Holdings Corp. has reached a $5.3 million settlement in a class action lawsuit stemming from a November 2025 data breach that exposed sensitive personal information, including names, Social Security numbers, and financial account details. The breach allegedly resulted from inadequate security measures, though the company denies any wrongdoing.
Eligibility and Compensation
Individuals who received a breach notification from SitusAMC may qualify for compensation. The settlement covers U.S. residents, with a separate subclass for California residents affected between November 12–22, 2025. Claimants can seek:
- Up to $5,000 for documented losses (e.g., fraud charges, ID replacement, credit monitoring costs) incurred between November 12, 2025, and November 6, 2026.
- A one-time cash payment of approximately $75 (amount may vary based on claim volume).
- An additional $50 for California residents, subject to fund availability.
- One year of free credit monitoring, including dark web scanning, identity restoration, and $1 million in identity theft insurance.
Claim Process and Deadlines
Eligible individuals must submit claims by November 6, 2026, either online or via mail. Documented losses require third-party verification (e.g., receipts, bank statements). Payments will be distributed within 90 days of final approval, with options including PayPal, Venmo, Zelle, or a physical check.
Settlement Fund Allocation
The $5.3 million fund covers:
- $300,000+ for administration costs.
- Up to $1.77 million in attorneys’ fees and expenses.
- $15,000 in service awards for class representatives.
- Remaining funds for claimant payouts and credit monitoring.
A fairness hearing is scheduled for November 11, 2026, with an opt-out deadline of October 22, 2026. The settlement resolves allegations that SitusAMC’s security failures led to the breach.
Source: https://www.claimdepot.com/settlements/samc-data-settlement
SitusAMC Holdings Corp. TPRM report: https://www.rankiteo.com/company/situsamc
"id": "sit1787432281",
"linkid": "situsamc",
"type": "Breach",
"date": "8/2026",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'customers_affected': 'U.S. residents, including a '
'subclass of California '
'residents',
'industry': 'Financial Services',
'location': 'United States',
'name': 'SitusAMC Holdings Corp.',
'type': 'Corporation'}],
'customer_advisories': 'Breach notification with compensation details',
'data_breach': {'personally_identifiable_information': 'Yes',
'sensitivity_of_data': 'High',
'type_of_data_compromised': ['Names',
'Social Security numbers',
'Financial account details']},
'date_detected': '2025-11-12',
'description': 'SitusAMC Holdings Corp. has reached a $5.3 million settlement '
'in a class action lawsuit stemming from a November 2025 data '
'breach that exposed sensitive personal information, including '
'names, Social Security numbers, and financial account '
'details. The breach allegedly resulted from inadequate '
'security measures, though the company denies any wrongdoing.',
'impact': {'data_compromised': 'Sensitive personal information, including '
'names, Social Security numbers, and financial '
'account details',
'financial_loss': '$5.3 million settlement',
'identity_theft_risk': 'High',
'legal_liabilities': 'Class action lawsuit settlement',
'payment_information_risk': 'High'},
'investigation_status': 'Settled',
'post_incident_analysis': {'root_causes': 'Inadequate security measures'},
'references': [{'source': 'Settlement Notice'}],
'regulatory_compliance': {'legal_actions': 'Class action lawsuit'},
'response': {'communication_strategy': 'Breach notification to affected '
'individuals'},
'title': 'SitusAMC Holdings Corp. Data Breach Settlement',
'type': 'Data Breach',
'vulnerability_exploited': 'Inadequate security measures'}