AMERITRADE ID THEFT VICTIMS TO COLLECT $2.5 MILLION TO $6.5 MILLION

Ameritrade identity theft victims may collect as much as $2,500 after a recent data breach settlement approved by a California judge.  The settlement will cost Ameritrade between $2.5 million and $6.5 million.  The judge did not approve a prior settlement agreement because anti-spam software and tighter security was not enough for the court. 

Class members include all persons who held an Ameritrade account or provided an email address to the Omaha, Neb., company before September 2007.  Assuming no one appeals the settlement approval, and if you have submitted your claim before the July deadline, then you should expect to receive payment by mid-December 2011.