Neiman Marcus has agreed to a $3.5 million settlement to resolve allegations that it failed to protect customer data in connection with a May 2024 data breach. According to the lawsuit, the luxury retailer failed to implement adequate cybersecurity measures that could have prevented unauthorized access to sensitive customer information.
Plaintiffs claim that, as a result of the breach, affected individuals were exposed to risks of identity theft, fraudulent charges, and other damages requiring time and expense to manage. Neiman Marcus has not admitted wrongdoing but agreed to settle to avoid further litigation.
What Settlement Class Members Can Receive
Eligible class members may receive the following benefits:
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Reimbursement for Out-of-Pocket Losses:
Up to $2,500 for documented expenses related to the breach. These may include:-
Unauthorized charges
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Bank fees
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Communication expenses
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Credit monitoring or protection services
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Fraud-related losses
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Credit Monitoring Services:
Two years of free credit monitoring valued at $108 per year ($216 total value). Services include:-
Real-time credit monitoring
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Dark web and public record scanning
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Identity theft insurance
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Access to identity restoration specialists
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To receive benefits, eligible individuals must submit a valid claim form by Oct. 8, 2025.
This settlement aims to assist those affected by the breach and reduce future identity theft risks through monitoring and compensation for losses.
