CONDUENT Inc (CNDT) Form 8-K — Oct 16, 2026
Conduent entered into a class action settlement agreement on October 16, 2026 resolving the consolidated data breach litigation arising from its January 2025 cybersecurity incident. Under the agreement, the company will fund $80 million into a non-reversionary settlement fund covering class member recovery, credit and medical data monitoring, plaintiffs' counsel fees, and administration costs. This is the company's total monetary obligation. If approved by the U.S.
Key figures
- Settlement Amount
- $80 million
- Settlement fund
- non-reversionary settlement fund of $80 million inclusive of class recovery, credit and medical data monitoring, plaintiffs' counsel fees, and administration costs
- Cyber incident date
- January 2025
AI analysis
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