"SitusAMC stated that on Nov. 12, 2025, it became aware of an incident that compromised information stored in its systems, including accounting records and client legal agreements, which may also have affected data belonging to its clients' customers. The scope, nature and extent of such impact remains under investigation by the Company and its third-party advisors, the company wrote in a statement on Nov. 22. The incident is now contained and our services are fully operational. No encrypting malware was involved."
"Just two days after SitusAMC released its statement, plaintiff Armen Kelechian brought a complaint against the company. The case is now known as the lead case. Kelechian, a customer of JPMorgan Chase, alleged that SitusAMC failed to adequately protect Plaintiff's and Class Members' Private Information. He said the unencrypted and unredacted data was compromised due to the defendant's negligent and/or careless acts and omissions and its utter failure to protect Plaintiff's and Class Members' sensitive data."
On Nov. 12, 2025 SitusAMC became aware of an incident that compromised information stored in its systems, including accounting records and client legal agreements, and that may have affected data belonging to its clients' customers. The scope, nature and extent of the impact remain under investigation by the company and its third-party advisors. The incident is contained and services are fully operational, and no encrypting malware was involved. SitusAMC notified customers JPMorgan Chase, Citi and Morgan Stanley. Multiple plaintiffs led by Armen Kelechian filed consolidated complaints alleging that unencrypted and unredacted data was compromised due to negligent acts and omissions.
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