A proposed Settlement arising out of a data security incident has been reached with Lyon Real Estate (“Lyon”). Between April 18, 2023 and May 4, 2023, Lyon experienced a data security incident that affected its computer systems (the “Data Security Incident”). Lyon’s investigation determined that during this Data Security Incident, an unauthorized actor had access to certain files that included names, dates of birth, driver’s license numbers, Social Security numbers, tax identification numbers, medical information, health insurance information, and/or credit card information of certain individuals (collectively, “Personally Identifying Information”). If you were notified by Lyon or a Lyon affiliate that your Personally Identifying Information may have been affected by the Lyon Data Security Incident, you are included in this Settlement as a member of the Settlement Class.
Under the Settlement, Lyon has agreed to establish a $637,500.00 Settlement Fund. The Settlement Fund will pay for five years of identity theft and fraud monitoring, as well as $1,000,000.00 in insurance (“Identity Theft and Fraud Monitoring” or “ITFM”) to all Class Members who elect to receive it. Additionally, Class Members are eligible to receive a monetary payment in the form of reimbursement of up to $10,000.00 per Class Member for Class Members who incurred certain Documented Losses (“Documented Loss Payment”). There is also an additional California statutory cash payment to Class Members who are residents of California (and/or who resided in California on April 18, 2023) (“California Statutory Cash Payment”). After the Settlement Fund has been used to pay (i) Documented Loss Payments; (ii) California Statutory Cash Payments; (iii) ITFM; (iv) the Costs of Notice and Administration; and (v) any award of Attorneys’ fees, reimbursements for litigation expenses, and Service Awards for the representative Plaintiffs, the remaining funds in the Settlement Fund shall be distributed on a pro rata basis to each Class Member who submitted a claim for (i) Documented Loss Payment; (ii) California Statutory Cash Payment; and/or (iii) ITFM (“Residual Cash Payment”). In addition, Lyon will implement certain enhanced data security measures.
Your legal rights are affected whether you act, or do not act.
Your Legal Rights and Options | |
File a Claim Form | Submitting a Claim Form is the only way that you can receive any of the benefits provided by this Settlement, including a Documented Loss Payment, Identity Theft and Fraud Monitoring, California Statutory Cash Payment, and/or Residual Cash Payment. You may file a Claim online here. If you submit a Claim Form, you will give up the right to sue Lyon and certain other Released Parties (as defined in the Settlement Agreement) in a separate lawsuit about the legal claims this Settlement resolves. This is the only option that allows you to sue, continue to sue, or be part of another lawsuit against Lyon or certain other Released Parties, for the claims this Settlement resolves If you exclude yourself, you will give up the right to receive any Settlement Benefits from this Settlement. |
Exclude yourself from this Settlement | This is the only option that allows you to sue, continue to sue, or be part of another lawsuit against Lyon or certain other Released Parties, for the claims this Settlement resolves. If you exclude yourself, you will give up the right to receive any Settlement Benefits from this Settlement. |
Object to or Comment on the Settlement | You may object to the Settlement by writing to the Settlement Administrator or by attending the Final Approval Hearing. If you object in writing, your writing should explain why you do not think the Settlement should be approved. You will still be bound by the Settlement if it is approved, and you will not be allowed to exclude yourself from the Settlement. If you object, you may also file a Claim Form to receive Settlement Benefits, but you will give up the right to sue Lyon and other Released Parties in a separate lawsuit about the legal claims this Settlement resolves. |
Go to the “Final Approval” Hearing on March 13, 2026. | You may attend the Final Approval Hearing where the Court may hear arguments concerning approval of the Settlement. You are not required to attend the Final Approval Hearing. If you desire to appear remotely at the final approval hearing, you can join via the Department’s Zoom link or phone number. To join by Zoom link: https://saccourt-cagov.zoomgov.com/my/sscdept22; To join by phone: (833) 568-8864 / ID: 16184738886. |
Do Nothing | You may ask the Court for permission for you or your attorney to speak about your objection at the Final Approval Hearing. The Final Approval Hearing will be held on February 5, 2026, at 8:30 a.m. |
These rights and options—and the deadlines to exercise them—are explained in the Notice and FAQs page
The Court in charge of this case still has to decide whether to approve the Settlement. No Settlement Benefits or payments will be provided unless the Court approves the Settlement, and it becomes final.
Upcoming Important Dates
Opt Out Deadline
1/6/2026
Objection Deadline
1/6/2026
Claim Deadline
2/5/2026
Final Approval Hearing
3/13/2026 at 9:00 a.m.