$2.39M Union Bank and Trust Settlement Ends Class Action Lawsuit Over May 2023 MOVEit Data Breach [UPDATE]

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Union Bank and Trust has agreed to a $2,389,976 settlement to resolve claims in a class action lawsuit filed over an alleged vulnerability in a file transfer software used by the bank, called MOVEit, that was exploited by cybercriminals to gain access to the private information of Union Bank and Trust customers in May 2023.

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The nearly $2.4 million Union Bank and Trust class action settlement received preliminary approval from the court on March 9, 2026 and covers all individuals in the United States whose personal information was included in the files affected by the May 2023 MOVEit security incident.

The settlement agreement states that there are approximately 207,824 individuals covered by the deal.

ClassAction.org will update this page when the court-approved Union Bank and Trust data breach settlement website is launched.

According to the agreement, Union Bank and Trust (UBT) settlement class members who file a timely, valid claim form will have multiple options for reimbursement.

Class members who submit with their claim form proof of ordinary losses stemming from the breach are eligible to receive up to $2,500 in reimbursement. The settlement benefits plan explains that ordinary losses include out-of-pocket expenses like fees for credit reports, credit monitoring, identity theft insurance, bank fees, and miscellaneous expenses, like postage.

Under this reimbursement option, class members may also receive compensation for up to four hours of lost time spent responding to the breach, at a rate of $25 per hour, subject to the $2,500 maximum total relief for ordinary losses.

Moreover, UBT settlement class members who submit with their claim form proof of extraordinary losses stemming from the breach are eligible to receive up to $10,000 in reimbursement. According to the agreement, extraordinary losses may include proven monetary losses, professional fees (such as attorneys’ fees and accountants’ fees), and fees for credit repair services.

Instead of claiming compensation for a documented ordinary or extraordinary loss, class members may file a claim form to receive a alternative cash payment with no proof required. The final amount of this payment is estimated to be $100, the agreement relays, but may increase or decrease depending on the number of claims filed.

In addition to any monetary benefits, all settlement class members may also file a claim to receive two years of three-bureau credit monitoring and identity theft protection.

ClassAction.org will update this page with more information about filing a UBT settlement claim form as it is published by the settlement administrator.

The court will determine whether to grant final approval to the UBT data breach settlement following a hearing scheduled for August 6, 2026. Compensation will begin to be distributed to class members only after final approval is granted and any appeals are resolved.

The Union Bank and Trust class action lawsuit claimed that the private information of accountholders at the Nebraska-based bank was potentially compromised after cybercriminals gained unauthorized access to the MOVEit file transfer service used by UBT, and many other parties, sometime between May 27, 2023 and May 31, 2023. Per court documents, the files compromised during the MOVEit data breach may have contained names, addresses, dates of birth, contact information and Social Security numbers.

Head to ClassAction.org’s settlements page for a complete list of data breach settlements.