Conduent agrees to pay $80 million to settle class action over January 2025 cyber incident
Conduent and two subsidiaries entered a class action settlement agreement on October 16, 2026, to resolve a consolidated lawsuit over the company's January 2025 cybersecurity incident. The settlement requires a non-reversionary $80 million fund and takes effect only if the U.S. District Court for the District of New Jersey approves it. The company says it maintains cyber insurance and does not expect a material impact on its financial position, results of operations or cash flows.
Key points
- Company will fund $80 million into a non-reversionary settlement fund, its total monetary obligation under the agreement
- Fund covers class member recovery, credit and medical data monitoring, plaintiffs' counsel fees and administration costs
- Settlement releases the company, affected clients and their customers from claims tied to the cyber incident upon final approval
- Agreement is not an admission of fault and remains subject to Court approval
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.