If you received a notice saying your personal information may have been exposed in the August 2024 Abbott Laboratories Employees Credit Union (ALEC) data breach, you may be eligible for money and other benefits through a class action settlement.
Eligible class members can submit a claim for up to $2,500 in documented losses, receive a pro rata cash payment, and enroll in two years of free financial monitoring services.
The claim deadline is September 3, 2026.
Why was there a lawsuit?
The lawsuit alleges that Abbott Laboratories Employees Credit Union (ALEC) failed to adequately protect customers’ personal information after a targeted cyberattack in August 2024.
According to the lawsuit, unauthorized parties accessed files containing sensitive information, including:
Names
Financial account information
Social Security numbers
ALEC denies any wrongdoing, and the court has not determined who is right. Both sides agreed to settle the case to avoid the cost and uncertainty of continued litigation.
Who qualifies?
You may qualify if:
You live in the United States, and
You received a notice from Abbott Laboratories Employees Credit Union stating that the data incident discovered on or about August 2, 2024, may have compromised your personal information.
If you did not receive a settlement notice, you should review the official settlement website to determine whether you are included in the settlement.
How much could you receive?
Eligible class members may choose from the following settlement benefits.
Up to $2,500 for documented losses
You can request reimbursement for eligible out-of-pocket expenses incurred as a result of the data breach that occurred between August 2, 2024, and September 3, 2026.
Examples of eligible expenses include:
Identity theft or fraud losses
Credit monitoring costs
Credit report fees
Credit freeze or unfreeze fees
Government ID replacement costs
Postage for contacting financial institutions
Supporting documentation is required.
Pro rata cash payment
All eligible class members may also submit a claim for a cash payment from a $150,000 settlement fund.
The final amount depends on:
The number of valid claims submitted
The amount remaining after eligible payments are made
There is no guaranteed payment amount.
Two years of financial monitoring
Eligible class members may enroll in two years of CyEx Financial Shield Pro, which includes:
Identity theft monitoring
Unauthorized financial transaction monitoring
Monitoring for high-risk use of personal information
$1 million in financial fraud insurance
According to the settlement notice, a claim form is not required to receive this benefit.
Your options
| Option | What it means | Deadline |
|---|---|---|
| Submit a Claim | Request reimbursement, a pro rata cash payment, or both (if eligible). | September 3, 2026 |
| Enroll in Financial Monitoring | Receive two years of CyEx Financial Shield Pro benefits. | See official settlement instructions |
| Opt Out | Exclude yourself from the settlement and keep your right to sue separately. | August 4, 2026 |
| Object | Tell the court why you disagree with the settlement while remaining in the class. | August 4, 2026 |
| Do Nothing | Receive no cash payment or reimbursement and give up certain legal rights. | No deadline |
How to file a claim?
You can submit your claim:
Online
By downloading, completing, and mailing the official claim form
By emailing the completed claim form to the settlement administrator
For online claims, you’ll need the:
Login ID
PIN
found in your official settlement notice.
If you’re requesting reimbursement for out-of-pocket losses, you’ll also need documentation such as:
Receipts
Invoices
Bank or credit card statements
Documentation of identity theft or fraud
Other proof supporting your claim
Approved payments may be issued by:
PayPal
Venmo
Zelle
Paper check
Payments will be distributed only after the court grants final approval and the settlement administrator completes claim processing.
