Fidelity Investments Reaches Deal in Data Breach Class Action

Fidelity Investments has agreed to settle allegations it failed to adequately secure its computer systems, leaving more than 75,000 clients vulnerable to a data breach.

More details about the settlement should be available by Jan. 16, according to the notice filed Tuesday in the US District Court for the District of Massachusetts. By then, the parties anticipate they’ll submit a settlement agreement and motion for preliminary approval to Judge Leo T. Sorokin. Fidelity and counsel for the plaintiffs didn’t immediately respond to a request for comment.

• The settlement in principle was reached before Sorokin could rule on Fidelity’s bid to ...