MarineMax Data Breach Settlement Announced – MarineMax, one of the largest recreational boat and yacht retailers in the United States, has agreed to a $1.02 million class action settlement after a 2024 data breach compromised the personal information of more than 123,000 individuals. If you received a notice from MarineMax or its financing arm Newcoast Financial Services, you might be eligible for compensation.
This article breaks down everything you need to know about the MarineMax data breach settlement, including eligibility, how to claim your payout, deadlines, and what kind of information was exposed. If your data was impacted, this could be your opportunity to claim cash compensation or free credit monitoring.
MarineMax Data Breach Settlement Announced
| Key Information | Details |
|---|---|
| Settlement Amount | $1.02 million |
| Eligible Individuals | ~123,494 U.S. residents notified of breach |
| Data Exposed | Social Security numbers, driver’s license numbers, financial account info |
| Maximum Claim for Identity Theft Losses | Up to $5,000 |
| Out-of-Pocket Reimbursement Limit | Up to $2,000 |
| Credit Monitoring | Up to 3 years (depending on previous acceptance) |
| Claim Deadline | June 13, 2025 |
| Objection/Exclusion Deadline | May 14, 2025 |
| Final Settlement Hearing | June 17, 2025 (Florida District Court) |
| Official Website | marinemaxsettlement.com |
The MarineMax data breach settlement offers a meaningful opportunity for victims to be compensated for their losses and receive extended credit protection. With $1.02 million on the table, affected individuals should not miss the June 13, 2025 deadline to submit their claims.
Whether you’re concerned about identity theft, financial fraud, or future cybersecurity risks, this case underlines the importance of staying informed and acting promptly.
What Happened in the MarineMax Data Breach?
In March 2024, MarineMax experienced a cybersecurity breach that exposed the personal and financial data of over 123,000 individuals. The attack affected both MarineMax and Newcoast Financial Services, its financing arm. Sensitive information accessed by unauthorized third parties included:
- Full names
- Social Security numbers
- Driver’s license numbers
- Bank account information
- Financial transaction records
The breach triggered investigations and notifications to those affected, many of whom have now been invited to submit a claim as part of this class action lawsuit settlement.
What Caused the Breach?
While MarineMax has not publicly disclosed full technical details, cyber forensic experts have linked the breach to vulnerabilities in third-party vendor systems used for financing services. These flaws allowed unauthorized actors to gain entry and exfiltrate sensitive customer information.
MarineMax has since taken steps to improve its cybersecurity protocols, including:
- Hiring external cybersecurity firms for system audits
- Enhancing data encryption and storage practices
- Re-training staff on phishing and security awareness
Who Is Eligible for Compensation?
You are eligible to participate in the MarineMax settlement if:
- You are a U.S. resident, and
- You received a notification letter from either MarineMax or Newcoast Financial Services between 2024 and early 2025 regarding the data breach.
If you live outside the United States, such as in India or Canada, this settlement does not apply to you.
What Can You Claim For MarineMax Data Breach Settlement?
Here’s a breakdown of the compensation categories under the MarineMax data breach settlement:
1. Identity Theft Loss Reimbursement – Up to $5,000
If you were a victim of identity theft or financial fraud directly related to the MarineMax data breach, you can submit a claim for actual documented losses. These may include:
- Unauthorized transactions
- Costs to recover stolen identities
- Charges for restoring credit
- Legal or professional assistance
2. Out-of-Pocket Expenses – Up to $2,000
You can also claim reimbursement for expenses you incurred to prevent or mitigate identity theft or fraud, including:
- Fees for credit monitoring or identity protection services
- Costs to freeze/unfreeze credit reports
- Postage and photocopying for reporting or fixing fraud
- Notarization and travel related to recovering identity
3. Credit Monitoring Services
Depending on your earlier response to MarineMax’s initial breach notification, you could receive:
- Up to 3 years of one-bureau credit monitoring, if you did not accept the previous 2-year offer
- An extra 12 months of coverage if you already accepted the original 2 years
4. Pro Rata Cash Payment – Up to $500
If there are any leftover funds after paying for the above claims, they will be evenly distributed to all approved claimants. Each claimant could receive up to $500 in additional compensation.
How to File a Claim For MarineMax Data Breach Settlement?
Filing your claim is straightforward. Here’s what to do:
Step-by-Step Guide
- Visit the official website: www.marinemaxsettlement.com
- Enter your Notice ID: You’ll need the unique ID provided in the notification letter or email you received from MarineMax or Newcoast.
- Choose your compensation category: Select if you want to file for credit monitoring, reimbursement, or both.
- Upload documentation: For reimbursements, attach proof of loss like bank statements, invoices, or receipts.
- Submit your claim online or mail it to:
MarineMax Settlement
c/o Kroll Settlement Administration LLC
P.O. Box 225391
New York, NY 10150-5391
Claim Filing Deadline: June 13, 2025
If you fail to file by this date, you lose your right to claim any benefits under this settlement.
Legal Deadlines and Final Approval
- Objection or Exclusion Deadline: May 14, 2025
- Final Settlement Hearing: June 17, 2025 at the U.S. District Court for the Middle District of Florida (Tampa Division)
If no objections are raised or upheld, and the court approves the deal, payments and credit monitoring services will be issued soon after.
Why This Settlement Matters?
The MarineMax case is yet another example of how cyberattacks are becoming more common, even in industries not traditionally targeted by hackers. This incident impacted a niche yet high-income demographic — luxury boat owners and financing clients.
With data breaches hitting banks, universities, retailers, and now yacht dealerships, identity theft protection and rapid response mechanisms are more important than ever. This settlement not only compensates victims but also serves as a wake-up call for businesses to prioritize cybersecurity infrastructure.
Experts suggest this breach might spark industry-wide reforms in how boating and maritime service providers manage sensitive customer data.
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FAQs About MarineMax Data Breach Settlement
What should I do if I lost my notice ID?
Contact the Settlement Administrator at (833) 421-7674 or email [email protected] for help retrieving your unique claim number.
Can I file more than one claim per household?
Yes, as long as each household member received a separate breach notification from MarineMax or Newcoast.
Is legal representation required?
No. Filing a claim or objection does not require a lawyer. However, if you choose to exclude yourself or object in court, legal advice may be helpful.
When will payments be made?
If the court approves the settlement on June 17, 2025, payments and benefits will begin processing shortly after, typically within 90 days.
Do I have to pay taxes on the compensation?
Generally, reimbursements for losses aren’t taxable, but pro rata cash payments might be. It’s advisable to consult a tax professional.
What documents are accepted for reimbursement claims?
Accepted documents include:
- Bank or credit card statements showing fraudulent charges
- Invoices for credit monitoring or identity restoration services
- Receipts for notarization or postage used to resolve fraud-related issues
