IF KTC HOLDING COMPANY F/K/A THE KINGDOM TRUST COMPANY (“KTC” OR “DEFENDANT”) NOTIFIED YOU OF A DATA INCIDENT, YOU MAY BE ELIGIBLE FOR BENEFITS FROM A CLASS ACTION SETTLEMENT.
A proposed Settlement has been reached with KTC Holding Company F/K/A The Kingdom Trust Company (“KTC” or “Defendant”) arising out of a data security incident in March 2024 during which Settlement Class Members’ Private Information was potentially accessible by an unauthorized third-party who gained access to Defendant’s systems (the “Data Incident”). The lawsuit is called Kevin Meagher and Rebecca Dawson v. KTC Holding Company F/K/A/ The Kingdom Trust Company, Case No. 2:24-cv-01630. The lawsuit alleges that the Data Incident potentially impacted Private Information of Plaintiffs and the members of the class. Plaintiffs allege that they suffered injuries and damages related to the diminution of value to their Private Information, opportunity costs, annoyance, interference, and inconvenience, as a result of the Data Incident.
Defendant denies that it is liable for the claims made in the lawsuit and denies any allegations of wrongdoing, fault, or liability of any kind whatsoever.
The Settlement Class includes all individuals who were sent a notice of data breach letter by KTC concerning the Data Incident discovered on or around March 1, 2024. Class Members specifically exclude: (a) all individuals who are directors or officers of KTC, any entity in which KTC has a controlling interest, and KTC’s officers, directors, legal representatives, successors, subsidiaries, and assigns, and (b) any judge, justice or judicial officer presiding over this matter, and members of their immediate families and their judicial staff.
Under the proposed Settlement, KTC will pay (or cause to be paid) $780,000.00 into a Settlement Fund. The Settlement Fund will be used to pay for: (1) compensation for Documented Monetary Losses and Pro Rata Cash Payment; (2) Credit Monitoring; (3) costs of Notice and Settlement Administration; (4) Court-approved service award; and (5) Court-approved attorneys’ fees and litigation expenses.
Documented Monetary Losses. All Settlement Class Members may submit a claim for up to ten thousand dollars and zero cents ($10,000.00) for documented out-of-pocket losses that are fairly traceable to the Data Incident, to be paid out of the Settlement Fund. Examples of kinds of documented out-of-pocket losses that may be claimed include, in part: (i) out of pocket credit monitoring costs incurred on or after March 1, 2024, through the date of Claim Submission; (ii) unreimbursed losses relating to fraud or identity theft; and (iii) unreimbursed bank fees, long distance phone charges, postage, or gasoline for local travel.
Settlement Class Members with losses must submit documentation supporting their claims. This can include receipts or other documentation not “self-prepared” by the claimant that documents the costs incurred. “Self-prepared” documents such as handwritten receipts are, by themselves, insufficient to receive reimbursement for losses, but can be considered to add clarity or support other submitted documentation and a description of how the time was spent.
Supporting documentation must be provided. If a Settlement Class Member does not submit reasonable documentation supporting the loss, or if his or her Claim is rejected by the Claims Administrator for any reason, and the Settlement Class Member fails to cure the Claim, the Claim will be rejected and the Settlement Class Member’s claim will be treated as if he or she elected a Pro Rata Cash Payment only.
Pro Rata Cash Payment: In addition to electing any other benefits, Settlement Class Members may claim a pro rata cash payment in the amount estimated by Class Counsel of $100.00. The payments shall be calculated by dividing remaining funds in the Settlement Fund, after payment of the Costs of Claim Administration, any Court-approved service awards and attorneys’ fees, costs and expenses; Credit Monitoring and Identity Restoration Services, and Documented Monetary Losses, by the number of eligible claims. The Pro Rata Cash Payments will be adjusted upwards or downwards based upon the number of Valid Claims filed.
Credit Monitoring. In addition to electing any of the other benefits, Settlement Class Members may claim two (2) years of Credit Monitoring that will provide the following benefits: three-bureau credit monitoring, dark web monitoring, identity theft insurance coverage for up to $1,000,000, and fully managed identity recovery services.
To qualify for a Settlement benefit outlined above, you must complete and submit a Claim Form. All Claim Forms must be submitted no later than March 3, 2026.
To complete the Clam Form online, your unique Login and Password is required to access the form here. The Login and Password are located on the Postcard Notice you received in the mail. You may also get a paper Claim Form on this Settlement Website and submit it by mail.
| ACTION | YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT |
| Submit A Claim Form | This is the only way you may receive benefits from this Settlement. The deadline to submit a Claim Form is MARCH 3, 2026. |
| Exclude Yourself from the Settlement | You will receive no payment, but you will retain any rights you currently have with respect to Defendant and the issues in this case. The deadline to exclude yourself from the Settlement is FEBRUARY 3, 2026.
Please see Question 14 of the Long Notice for the details on how to exclude yourself from the Settlement. |
| Object to the Settlement | Write to the Claims Administrator explaining why you do not agree with the Settlement. The deadline to object is FEBRUARY 3, 2026.
Please see Question 17 of the Long Notice for the details on how to object to the Settlement. |
| Attend the Final Fairness Hearing | You or your attorney may attend and speak about your objection at the Final Fairness Hearing. The Final Fairness Hearing will be held on MARCH 17, 2026. |
| Do Nothing | You will not get any benefits from the Settlement, and you will give up certain legal rights. You will remain in the Settlement Class and be subject to the Release. |
These rights and options, and the deadlines to exercise them, are explained in the Long Notice. For complete details, please see the Settlement Agreement, whose terms control.
The Court will hold the Final Fairness Hearing March 17, 2026, at 10:00 a.m., at the United States District Court for the District of Nevada, 333 Las Vegas Blvd. South, Las Vegas, NV 89101. The purpose of the hearing is for the Court to determine whether the Settlement is fair, reasonable, adequate, and in the best interests of the Settlement Class. At the hearing, the Court will hear any objections and arguments concerning the fairness of the proposed Settlement, including those related to the amount requested by Class Counsel for attorneys’ fees, costs, and expenses and the service awards to Plaintiffs.
The location, date and time of the Final Fairness Hearing are subject to change by Court order. Any changes will be posted on this website. You should check this website for Settlement updates.