By The Generational Equity settlement is a $275,000 class action fund resolving claims from the February 2023 data breach. Eligible class members who filed before the December 3, 2024 deadline could claim: up to $300 for ordinary documented losses, up to $3,500 for extraordinary losses such as identity theft damages, and two years of free credit monitoring with $1 million in identity theft insurance. The settlement does not require Generational Equity to admit wrongdoing.
How Much Is the Generational Equity Class Action Settlement?
The total Generational Equity settlement fund is $275,000. This amount was negotiated through what court documents describe as prolonged, arm’s-length negotiations between plaintiffs’ counsel and the defense. The company did not admit any wrongdoing or liability as part of the agreement a standard term in data breach class action settlements of this type.
Settlement Compensation Tiers: Full Breakdown
| Compensation Category | Maximum Amount | What It Covers |
| Ordinary Losses | Up to $300 | Bank fees, credit monitoring costs, communication charges, other documented out-of-pocket expenses directly tied to the breach |
| Lost Time | Up to $75 ($25/hr x 3 hrs) | Time spent dealing with breach-related issues, documented and calculated at $25 per hour for up to three hours |
| Extraordinary Losses | Up to $3,500 | Documented identity theft, unreimbursed fraudulent charges, financial fraud traceable to the breach |
| Credit Monitoring | 2 Years (Free) | Identity theft protection services with up to $1 million in identity theft insurance — available to all qualifying class members |
Who Qualified for the Generational Equity Settlement?
To be a class member eligible for compensation, an individual needed to meet both of the following criteria:
- Receive an official data breach notification letter from Generational Equity LLC in 2023, AND
- Have personal or financial information confirmed to be stored in Generational Equity’s systems at the time of the February 2023 breach
| Important: Claims Deadline Has Passed The Generational Equity settlement claims deadline was December 3, 2024. The final approval hearing was held December 6, 2024. If you did not file a claim by that deadline, you are generally no longer eligible to receive compensation from this specific settlement fund. However, if you suffered documented financial harm from identity theft or fraud linked to the breach, you should consult a data breach attorney about whether any individual legal options remain available to you. |
What Was the Case Name and Court for This Settlement?
The formal case name is Glass v. Generational Equity LLC, et al., filed in the 298th Judicial District Court of Dallas County, Texas, Case No. DC-23-20315. Lead plaintiff Linda Glass filed the class action petition on behalf of herself and all similarly situated individuals whose data was exposed in the February 2023 breach. Named defendants were Generational Equity LLC and Generational Equity Group Inc.
Generational Equity Settlement FAQs
Did Generational Equity admit wrongdoing in the settlement?
No. The $275,000 settlement was reached without any admission of liability or wrongdoing by Generational Equity LLC or Generational Equity Group Inc.
How was the settlement fund distributed?
After attorney fees, administrative costs, and any court-approved incentive awards were deducted, the remaining fund was distributed pro-rata to all eligible class members who submitted valid and timely claims before December 3, 2024. If the total valid claims exceeded the available fund, individual payments were proportionally reduced.
Is there any ongoing litigation related to Generational Equity?
The data breach class action has been settled. Separately, consumer complaints related to Generational Equity’s M&A advisory practices including upfront fee disputes and misrepresentation allegations continue to appear in public records. Whether any large-scale class action specifically targeting those advisory practices has been certified can be verified via PACER (pacer.gov).
Hazel Isabella
Editor at Attorneys Magazine. Hazel Isabella supervises editorial content concerning the law, legal marketing, attorneys’ perspectives, and other matters pertaining to the industry. She is dedicated to providing quality content and works with legal experts and writers to generate informative pieces about various aspects of the law.