Lincoln-Based Nelnet Agrees to $10M Settlement over Data Breach in 2022

Lincoln-based Nelnet agrees to $10M settlement over data breach in 2022

Attorneys for 23 people who sued asked the court to grant final approval of a $10 million common fund settlement.

Nelnet $10M Settlement Heads to Court in Lincoln

A federal judge in Lincoln is set to hear arguments today over a proposed $10 million settlement that would tie a bow on lawsuits stemming from Nelnet’s 2022 data-security incident. At a fairness hearing in U.S. District Court, the judge will decide whether the deal is “fair, reasonable and adequate” and whether attorneys’ fees and service awards can be paid out of the same pot. If the agreement gets the green light, it would create a non-revers…