Morgan Stanley Data Breach
Claim Form Deadline: Passed
Payout: Up To $10,000
Proof required: Yes
Method of payment: Mailed Check
What's This Settlement About?
A class action lawsuit has been settled against Morgan Stanley in the amount of $60,000,000. The lawsuit alleges claims against Morgan Stanley, an American multinational investment bank and financial services company. In the lawsuit, evidence was brought forward against Morgan Stanley involved in two separate data security incidents
that compromised the personal identifying information of about 15 million of their past and current clients.
The lawsuit also alleges that in 2016 and 2019, Morgan Stanley failed
to properly dispose of IT (information technology) equipment
containing clients' PII. Many of these
IT devices were sold to third parties and still remain unaccounted for.
This situation may have potentially led to access gained by third parties or unscrupulous actors seeking to use sensitive and private information of Morgan Stanley's customers. The IT equipment at issue may have retained Morgan Stanley client PII
• Social Security Numbers,
• Maiden Names,
• Past and Current Work and Home Addresses,
• Driver's License Numbers,
• Personal Income,
• Asset Holding Information,
• Telephone and Cell Numbers,
• Family Members' Information,
• Dates of Birth.
All of this information is considered PII and can lead to serious compromises of identity that leads to untold amounts of damages.
How Do I Qualify?
If you are a former or current Morgan Stanley client who was sent a data breach notice letter in
July 2020 and/or June 2021 notifying you that your Personal Information may have been compromised in
Data Security Incidents, you may be eligible for benefits from this class action Settlement.
If for some reason you have not received a unique code, but believe you are a Settlement Class
Member, please call 1-855-604-1744 (Toll-Free) to verify your identity and receive further
What Can I Get?
To fully settle and release the claims of the Settlement Class Members related to the Data Security
Incidents, Morgan Stanley has agreed to establish a $60 Million class action settlement fund.
Qualifying members that receive their part of the $60M fund for each of the following:
• Settlement Class Members who spent time researching or remedying issues related to the Data
Security Incidents may file a claim to receive reimbursement for up to four hours at a rate of
$25 per hour for a total of up to $100 with an attestation that their actions were taken in response to the Data Security
Incidents. No separate documentation will be required for claims for lost time up to four hours.
• Settlement Class Members are eligible to receive reimbursement of up to $10,000 (in total per
Settlement Class Member) for out-pocket expenses,
and reimbursement of up to an additional five hours of time if Settlement Class Members are able to
document time lost remedying issues related to the Data Security Incidents (at $25 per hour or, if
you lost work, at a rate of documented compensation up to $50 per hour). Reasonable documentation
must be submitted with your Claim Form showing that the Data Security Incidents caused the costs
incurred in order to receive reimbursement for out-of-pocket expenses.
How Do I File a Claim?
To get a monetary payment from the Settlement fund, you must file a Claim Form. Claim Forms can be
submitted online, using your "Unique ID", or by mail no later than June 2, 2022:
Morgan Stanley Data Security Settlement
P.O. Box 6758
Portland, OR 97228-6758
Again, if you need your unique code, please call 1-855-604-1744 (Toll-Free). The Court will hold a Final Approval Hearing at 11:00 a.m. ET on June 8, 2022, via teleconference.
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