Daniel Cunningham and Debra De Salvo, individually, and on behalf of all others similarly situated v. DG3 North America, Inc., John Hancock Investment Management, LLC, and UBS Financial Services, Inc.

CourtDistrict Court, D. New Jersey
DecidedOctober 14, 2025
Docket2:24-cv-07385
StatusUnknown

This text of Daniel Cunningham and Debra De Salvo, individually, and on behalf of all others similarly situated v. DG3 North America, Inc., John Hancock Investment Management, LLC, and UBS Financial Services, Inc. (Daniel Cunningham and Debra De Salvo, individually, and on behalf of all others similarly situated v. DG3 North America, Inc., John Hancock Investment Management, LLC, and UBS Financial Services, Inc.) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Daniel Cunningham and Debra De Salvo, individually, and on behalf of all others similarly situated v. DG3 North America, Inc., John Hancock Investment Management, LLC, and UBS Financial Services, Inc., (D.N.J. 2025).

Opinion

UNITED STATES DISTRICT COURT ~ FOR THE DISTRICT OF NEW JERSEY

DANIEL CUNNINGHAM and DEBRA DE SALVO, individually, and on behalf of all others similarly situated, Docket No.: 2:24-cv-07385 Plaintiffs, v. OPINION FOR FINAL _NORTH AMERICA, INC, sonN| APPROVAL OF SETTLEMENT HANCOCK INVESTMENT MANAGEMENT, LLC, and UBS FENANCIAL SERVICKS, INC,, Defendants.

WILLIAM J. MARTINI, U.S.D.J.: Presently before the Court in this suit against Defendants DG3 North America, Inc. (“DG3”), John Hancock Investment Management, LLC (“John Hancock”), and UBS Financial Services, Inc, (“UBS”) (collectively “Defendants”) are the unopposed motions of Plaintiffs Daniel Cunningham and Debra De Salvo, individually and on behalf of the provisionally certified Settlement Class (“Plaintiffs”) for: 1) final approval of a class action settlement, ECF No. 40, and 2) an award of attorneys’ fees and expenses and compensatory awards for the lead Plaintiffs, ECF No. 41. For the reasons stated below, the motions are GRANTED and the settlement is finally APPROVED. BACKGROUND! A. Facts and Procedural Histor This action, filed on June 28, 2024, arises out ofa cybersecurity incident impacting DG3 discovered on March 19, 2024 (“Data Incident”). An Amended Complaint was filed on October 1, 2024 alleging negligence/negligence per se, breach of implied contract, breach of third-party beneficiary contract, breach of fiduciary duty, breach of confidence, unjust enrichment, and violation of the Illinois Consumer Fraud Act. ECF No. 13. Plaintiffs and Class Members are current and former clients of John Hancock and/or UBS, who, in order to obtain services from John Hancock and/or UBS, were and are required to entrust Defendants with their sensitive, non-public personal identifying information (“PII”). Amended Comp. § 5.

Val capitalized terms that are not defined herein have the same meaning as defined in the Settlement Agreement.

After informal discovery and an exchange of mediation statements, the parties engaged in mediation with a former Magistrate Judge Martin Denlow on January 21, 2025 and reached an agreement in principle, Kenneth Grunfeld Decl. (“Grunfeld Decl.”) at 7, 9, ECF No, 38-1. On May 28, 2025, this Court granted preliminary approval of the Settlement, (“Preliminary Approval Order”) as “fair, reasonable, and adequate” under Fed, R, Civ. P. 23. Preliminary Approval Order, II, ECF No. 39. The Court also provisionally certified the Class for settlement purposes only and approved the proposed Settlement notice documents and notice plan. /d at I, VI-VII. A hearing on the final approval of the Settlement (the “Fairness Hearing”) was held on October 14, 2025, B. The Proposed Settlement Pursuant to the Settlement Agreement, ECF No. 40-1, the “Settlement Class” is defined as: all persons residing in the United States whose Private Information was potentially compromised because of the Data Incident. The Settlement Class excludes: (a) the judge(s) to whom the Action is assigned and any member of those judges’ staffs or immediate family members; (b) counsel for the Parties, any member of their respective staffs who worked directly on the Action, and any member of their immediate families; (c) any governmental entity; (d) any entity in which any of the Defendants have a controlling interest; (¢) any of Defendants’ subsidiaries, parents, affiliates, and officers, directors, legal representatives, heirs, successors, or assigns; and (f) Settlement Class Members who submit a valid Request for Exclusion prior to the Opt-Out Deadline. Settlement Agmt. J 80. The Settlement Class includes Group I Settlement Class Members and Group 2 Settlement Class Members; however, an individual cannot be a member of both groups. /d. “Group 1 Settlement Class Member(s)” are “Settlement Class Members whose Social Security number(s) was/were potentially impacted in the Data Incident, as identified on the Class List provided by Defendant DG3.” /d. at { 50. “Group 2 Settlement Class Member(s)” are “Settlement Class Members whose Social Security number(s) was/were not potentially impacted in the Data Incident, as identified on the Class List provided by Defendant DG3.” fd. at 451. DG3, on behalf of John Hancock and UBS, agreed to create a $600,000 non- reversionary common fund for settlement of this matter (“Settlement Fund’) in exchange for the release of all claims that relate to or arise from the Data Incident. 7d. at 7 83, XII. When submitting a Claim, Settlement Class Members may elect either (a) reimbursement for Documented Losses up to $2,500.00 or (b) in lieu of reimbursement for Documented Losses, an Alternative Cash Payment up to $100 for Group 1

Settlement Class Members and $50 for Group 2 Settlement Class Members, and (c) Credit Monitoring. /d. at §] 94-95, 98. [fa Settlement Class Member does not submit a Valid Claim or opt-out of the settlement, the Settlement Class Member will release his or her claims against Defendants without receiving any Settlement Class Member Benefits. /d, at 94. Any amount remaining in the Residual Settlement Fund shall be paid to the Non-Profit Residual Recipient. /d. at § 91. The Settlement Agreement provides for an award of attorneys’ fees of up to one-third of the Settlement Fund, plus reimbursement of reasonable costs. Jd. at 144. C. Notice On June 27, 2025, the Settlement Administrator, Epiq Class Action & Claims Solutions, Inc., sent 52,983 double postcard notices (“Postcard Notice’) with a detachable Claim Form to Class Members. Decl. of Cameron R. Azari (‘Azari Decl.”), Pis. Mot, Ex, C 24, ECF No. 40-3. As of September 2, 2025, the Postcard Notices were delivered to 51,956 or approximately 98% of the Settlement Class, □□□ ¥ 28. The Postcard Notice advises of the Settlement and includes a Settlement website (www.DG3DataSettlement.com) that provides detailed information concerning the Settlement including access to the Long Form Notice and additional information about the Settlement. /d. at § 24. The website also includes a toll-free number, 1-888-828-4857, and a P.O. Box address for additional information. The deadline for any objections to or exclusion from the Settlement was September 15, 2025, Azari Decl. § 32. The deadline for Settlement Class Members to file a Claim Form was September 25, 2025. Id. at 34. As of October 3, 2025, Epiq has received one request for exclusion, no objections to the Settlement, and 5,357 Claim Forms, Oct. 6, 2025 Decl. of Cameron R. Azari (Suppl. Azari Decl.”) FJ 9-10, ECF No. 44. Of those Claim Forms, 196 were from non-Class Settlement Members. /d. at 10. Epiq is in the process of reviewing and auditing all Claim Forms received. /d. As of October 3, 2025, Equiq has invoiced $79,589.66 to implement the Notice Plan and handle the settlement administration to date. Suppl. Azari Decl., { 11. Equip anticipates that additional costs will be incurred leading up to and following the Fairness Hearing to complete all aspects of the settlement administration, Led. H. DISCUSSION Plaintiffs’ pending motions ask the Court to: (1) approve the Settlement Agreement as fair, reasonable, and adequate; (2) certify the Class under Rule 23 to effectuate the class settlement; and (3) award attorneys’ fees and expenses to Class Counsel and Service Awards in the amount of $2,500 to each Class Representative. A. Motion to Approve Settlement

1. Adequacy of Notice Before approving the settlement ofa class action, the Court must “direct notice in a reasonable manner to all class members who would be bound by the proposal.” Fed. R. Civ. P. 23

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Daniel Cunningham and Debra De Salvo, individually, and on behalf of all others similarly situated v. DG3 North America, Inc., John Hancock Investment Management, LLC, and UBS Financial Services, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/daniel-cunningham-and-debra-de-salvo-individually-and-on-behalf-of-all-njd-2025.