Fitzgerald Wealth Management Data Breach Settlement, Check If Your Data Was Exposed and Claim Up to $3,580 Before August 4

Prepared by the AllAboutLawyer.com Editorial Team and reviewed for factual accuracy against the official settlement administrator website (fwmdatasettlement.com) and court records on May 9, 2026. Last Updated: May 9, 2026

The Fitzgerald Wealth Management data breach settlement is a class action where U.S. residents whose personal information was compromised in an April 2025 cyberattack on FWM’s computer systems can claim up to $3,580 in cash — or a flat $50 with no proof required — plus two years of free credit monitoring with $1 million in fraud insurance. The lawsuit is Khalid Rast v. Fitzgerald Wealth Management, LLC, Case No. CV2025-024424, pending in the Superior Court of Maricopa County, Arizona. FWM denies wrongdoing. The claim deadline is August 4, 2026.

Quick Facts — Fitzgerald Wealth Management Data Breach Settlement

Field	Detail
Settlement Amount	Cash benefits capped at $250,000 aggregate; attorneys’ fees and service award paid separately by FWM
Claim Deadline	August 4, 2026
Who Qualifies	U.S. residents whose personal information was compromised in the April 2025 FWM data incident
Payout Per Person	Up to $80 lost time + up to $400 ordinary losses + up to $3,500 extraordinary losses — OR flat $50 alternative cash payment
Proof Required	No proof for $50 flat payment or lost time; documentation required for ordinary and extraordinary loss claims
Settlement Status	Preliminarily Approved
Administrator	Simpluris
Official Website	fwmdatasettlement.com
Last Updated	May 9, 2026

Current Status of the FWM Data Breach Case

• Notices were mailed to class members on May 6, 2026. If you received a letter or email about this settlement, you are almost certainly included.
• The opt-out and objection deadline is July 6, 2026.
• The Final Approval Hearing is July 10, 2026 at 11:00 a.m. Mountain Time at the Superior Court of Maricopa County, 201 W Jefferson Street, Phoenix, AZ 85003.
• Settlement benefits will be distributed after the court grants final approval and any appeals are resolved.

What Is the Fitzgerald Wealth Management Lawsuit About? Khalid Rast v. Fitzgerald Wealth Management, LLC, No. CV2025-024424

Fitzgerald Wealth Management, LLC is a financial planning and investment management firm headquartered in Scottsdale, Arizona. The company offers services including retirement planning, fee-based investment management, insurance, and financial planning for public safety employees. Because they work with clients’ finances, they hold some of the most sensitive personal information a company can store.

In April 2025, unauthorized parties targeted FWM’s computer systems in a data breach that compromised files containing clients’ personal information. On July 2, 2025, FWM reported the breach to the Massachusetts Attorney General and began notifying affected individuals. The personal data potentially exposed includes names and Social Security numbers — the combination that makes people most vulnerable to identity theft and financial fraud.

The lawsuit alleges FWM failed to implement adequate cybersecurity measures to protect the personally identifiable information (PII) in its care. This is a pattern seen across financial services firms — for a comparison of how a similar financial firm breach resolved, see the Fidelity Investments $2.5 Million Data Breach Settlement on AllAboutLawyer.com. FWM has not admitted any wrongdoing, and the court has not ruled that FWM violated any law.

Class Counsel is Raina C. Borrelli of Strauss Borrelli PLLC in Chicago, Illinois — the same firm that originally investigated and brought this case.

Related article: Target Market Pantry Coffee Creamer Class Action, Were You Shorted on Servings?

Are You Part of the Fitzgerald Wealth Management Data Breach Settlement?

You may be part of this class if:

• You reside in the United States
• Your personal information was compromised in the data incident discovered by Fitzgerald Wealth Management in April 2025
• You received a notice letter or email about this settlement — that notice is your strongest indicator of inclusion

You are NOT included if:

• You are an FWM officer, director, or related company employee
• You are the judge assigned to this case or their family/staff
• You are the person who carried out the attack
• You formally opt out of the settlement before July 6, 2026

If you are unsure whether you are included, contact Simpluris toll-free at (833) 386-6559 or email [email protected]. They are available 24/7.

How Much Can You Get from the Fitzgerald Wealth Management Settlement?

There are two main tracks — pick whichever is right for your situation. You cannot combine the Alternative Cash Payment with the other cash options.

Track 1 — Itemized Cash Claims (Option A)

You can claim one or more of the following, up to the limits shown:

Lost Time — Up to $80 (4 hours at $20/hour). You must briefly describe how you spent time responding to the breach — things like changing passwords, reviewing your accounts for suspicious activity, or researching the incident. No receipts needed, just a description.

Ordinary Losses — Up to $400 for actual out-of-pocket expenses you paid between April 29, 2025 and August 4, 2026. This covers things like credit monitoring fees, costs to replace IDs, credit report fees, or postage to contact your bank by mail. You need receipts or documentation — handwritten notes alone are not enough.

Extraordinary Losses — Up to $3,500 if you suffered actual identity theft or financial fraud traceable to this breach between April 29, 2025 and August 4, 2026. You need documentation and must show you tried to mitigate the loss through available insurance or other means first.

The maximum you could receive under Track 1 is $3,580 (lost time + ordinary losses + extraordinary losses combined). All Track 1 claims together are subject to a $250,000 aggregate cap — if total approved claims exceed that, each payment reduces proportionally.

Track 2 — Alternative Cash Payment (Option B)

If you do not have losses to document, claim a flat $50 with no proof and no explanation required. Simply check the box on the claim form and submit. This option is also subject to the $250,000 aggregate cap.

Credit Monitoring — Available to Everyone

Regardless of which cash track you choose, all class members can enroll in two years of CyEx Financial Shield at no cost. This includes $1 million in financial fraud insurance and monitoring for identity theft, unauthorized financial transactions, and personal information appearing in high-risk transactions. A fraud resolution agent is available if anything suspicious comes up.

The data breach compensation structure here is similar to what you would find in other financial firm settlements — the Fidelity $2.5M Data Breach Settlement guide on AllAboutLawyer.com walks through a comparable tier structure if you want to understand how these claims typically work.

Step-by-Step: How to File Your Fitzgerald Wealth Management Claim

Step 1 — Go to fwmdatasettlement.com/form/claim. Have the Login ID and PIN from your notice letter ready — they are printed on the mailing or email you received.

Step 2 — If you cannot find your Login ID and PIN, email [email protected] with your full name and mailing address to request them. You can also call (833) 386-6559.

Step 3 — Select your claim type: Track 1 (lost time, ordinary losses, or extraordinary losses) or Track 2 (flat $50 alternative payment).

Step 4 — If claiming ordinary or extraordinary losses, upload your documentation — receipts, bank statements, or records showing the expense and that it was caused by this data incident.

Step 5 — If claiming lost time, describe briefly how you spent the hours responding to the breach.

Step 6 — Submit your completed form. Save your confirmation.

You can also download a paper claim form at fwmdatasettlement.com and mail it to: FWM Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799 — postmarked by August 4, 2026.

Estimated time to complete: 10 minutes for the flat $50 option; 20–30 minutes if submitting documented loss claims.

Fitzgerald Wealth Management Settlement Key Dates

Milestone	Date
Data Incident Discovered	April 2025
FWM Breach Notification to Massachusetts AG	July 2, 2025
Notifications Mailed to Class Members	May 6, 2026
Opt-Out Deadline	July 6, 2026
Objection Deadline	July 6, 2026
Final Approval Hearing	July 10, 2026 at 11:00 a.m. MT
Claim Filing Deadline	August 4, 2026
Expected Payment Date	TBD — after final approval and resolution of any appeals

Frequently Asked Questions

Is there a class action lawsuit against Fitzgerald Wealth Management? 

Yes. Khalid Rast v. Fitzgerald Wealth Management, LLC, Case No. CV2025-024424, is a class action pending in the Superior Court of Maricopa County, Arizona. The lawsuit alleges FWM failed to protect client personal information — including names and Social Security numbers — from an unauthorized cyberattack in April 2025.

Do I need a lawyer to file a claim?

 No. Class Counsel from Strauss Borrelli PLLC represents all class members at no cost to you. You file directly at fwmdatasettlement.com. You may hire your own consumer rights lawyer if you want individual representation, but it is not required and you would pay that cost yourself.

When will I receive my Fitzgerald Wealth Management settlement payment?

 Payments go out after the court grants final approval at the July 10, 2026 hearing and after any appeals are resolved. If no appeals are filed, payments could arrive in late 2026.

What if I missed the claim deadline?

 If you do not file by August 4, 2026, you will receive no cash payment or credit monitoring benefits. You will still be bound by the settlement terms and give up the right to sue FWM separately over these claims — unless you formally opted out before July 6, 2026.

I did not lose money — should I still file? 

Yes. Even if you did not experience identity theft or fraud, you can still claim the flat $50 alternative cash payment with no documentation required. You can also enroll in two years of free CyEx credit monitoring. Both are available to all class members who file a valid claim.

Will this settlement payment affect my taxes?

 It may. Payments from data breach compensation settlements may be treated as taxable income depending on your situation. Consult a tax professional once you receive your payment.

What personal information was exposed in the FWM breach?

 Based on the breach notice FWM filed with the Massachusetts Attorney General on July 2, 2025, the compromised information includes names and Social Security numbers. The specific data exposed varies by individual — your notice letter will tell you exactly what information of yours was affected.

Can I file my own lawsuit against FWM instead of joining this settlement? 

You can, but only if you formally opt out by July 6, 2026. Mail your written request for exclusion — including your full name, address, phone, email, a statement that you wish to opt out, and your handwritten signature — to: FWM Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799. If you opt out, you receive no settlement benefits but keep your right to pursue FWM independently.

Sources & References

• Official Settlement FAQ: fwmdatasettlement.com/faq
• Official Claim Form: fwmdatasettlement.com/form/claim
• Official Important Dates: fwmdatasettlement.com/dates
• Massachusetts Attorney General Breach Report: Mass.gov — Fitzgerald Wealth Management 2025 Breach Report
• Court Docket: Khalid Rast v. Fitzgerald Wealth Management, LLC, Case No. CV2025-024424, Superior Court of Maricopa County, Arizona, 201 W Jefferson Street, Phoenix, AZ 85003

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.