A proposed settlement has been reached with National Advisors Trust Company, National Advisors Trust of South Dakota Inc., and NAH Sidecar I, LLC d/b/a National Advisors Concierge Services, all d/b/a National Advisors Trust (“National Advisors” or “Defendants”) in a class action lawsuit. The lawsuit is known as Weber v. National Advisors Trust Company, No. 4:24-cv-00162, filed in the United States District Court for the Western District of Missouri.
The lawsuit alleges that in April 2023, National Advisors discovered suspicious activity related to an employee’s email account showing that certain files stored within the impacted email account may have been accessed by an unauthorized party between February 2023 and April 2023 (the “Data Incident”). These files contained personal identifiable information (“PII”) about individuals, including their names, financial account numbers, driver’s licenses, and Social Security Numbers. National Advisors denies that they did anything wrong.
Generally, you are included in this Settlement as a Settlement Class Member if you are a person whose PII was exposed to unauthorized third parties because of the Data Incident that occurred between February 2023 and April 2023.
A $650,000 Settlement Fund will pay (1) reimbursement for losses, and costs of credit monitoring for eligible Settlement Class Members; (2) notice and administration costs; (3) taxes and tax-related expenses; (4) a service award to the class representative; and (5) attorneys’ fees and expenses.
Settlement Class Members can receive the following benefits: (1) reimbursement for documented monetary losses (up to $5,000); (2) three years of free credit monitoring from one of the three major credit bureaus; and (3) a cash payment. National Advisors has also confirmed that it has or will take certain reasonable steps to further secure its systems and environments.
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Submit a Claim Form |
You must submit a valid Claim Form to get money or benefits from this Settlement. Claim Forms must be submitted online, or, if mailed, postmarked no later than June 11, 2025. |
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Do Nothing |
If you do nothing, you remain in the Settlement. You give up your rights to sue National Advisors about the claims in this lawsuit or otherwise related to the Data Incident. You will not get any money or credit monitoring. |
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Exclude Yourself |
Get out of the Settlement. Get no money. Keep your rights. Do not get a settlement benefit. This is the only option that allows you to keep your right to sue National Advisors about the claims in this lawsuit. You will not get any money or credit monitoring from the Settlement. Requests for exclusion must be postmarked no later than May 12, 2025. |
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Object |
Stay in the Settlement but tell the Court why you think the Settlement should not be approved. Objections must be postmarked no later than May 12, 2025. |
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Go to a Hearing |
Ask to speak in Court about the fairness of the Settlement, at your own expense. Though you are not required to attend the hearing, any one objecting to the Settlement may ask permission to speak at the Hearing. Information on how to request to speak at the Hearing can be found in FAQ 26. The Final Approval Hearing is scheduled for June 17, 2025, at 9:00 a.m. |
This website provides a summary of your rights and options. Your rights and options—and the deadlines to exercise them—along with many of the material terms of the proposed Settlement are explained further in the Notice. The most comprehensive explanation of your rights and options is contained in the Settlement Agreement.