Cash App Settlement Eligibility: Cash App Investing and its parent company, Block Inc., have agreed to pay $15 million to settle a lawsuit. The lawsuit claimed that the companies didn’t do enough to keep users’ personal information safe. This settlement marks a major legal outcome for the companies.
This settlement comes from two incidents where someone got into customer accounts without permission, causing unauthorized charges and other problems for Cash App users. If you’re a current or former Cash App user who was affected by these data breaches, you might be able to get compensation as part of this class-action settlement.
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Settlement Details
The lawsuit against Cash App and Block Inc. brought up serious concerns about how well the companies protect customer information. The claims suggest that weak data security allowed unauthorized access to sensitive account details, leading to fraudulent charges for many Cash App users.
If you used Cash App between August 23, 2018, and August 20, 2023, and experienced unauthorized access to your personal information or fraudulent transactions, you might be eligible for a share of the settlement. This class-action settlement gives affected users a chance to seek compensation for the issues they’ve faced due to these security breaches.
Eligibility
To get a settlement payment, you need to have been a Cash App user during the time in question and have experienced unauthorized access or fraud related to your account. Be sure to submit your claim by the deadline, which is November 18, 2024, on the official settlement administrator’s website.
You can request compensation in three ways:
- Out-of-pocket losses: You can get up to $2,500 back for documented expenses related to the data breach, like money lost due to fraud or costs you had to cover to fix the issue.
- Lost time: You can be compensated for the time spent dealing with unauthorized access or fraudulent charges. You can claim $25 per hour for up to three hours.
- Transaction losses: You can also be reimbursed for any transaction losses directly caused by the data breaches.
The total amount you may receive depends on the number of claims submitted and the amount of documented losses. If the total claims exceed the settlement funds available, the payouts will be reduced proportionally to make sure everyone gets compensated.
Filing a Claim
If you think you qualify for this settlement, you should have received a notice in the mail or by email with instructions on how to file a claim. But even if you didn’t get this notice, you can still submit your claim online by entering your information.
To make sure your claim goes through, double-check that all your paperwork is correct and submitted before the November 18, 2024 deadline. Be sure to gather any relevant documents, like bank statements or receipts, to back up your claim for any out-of-pocket costs, lost time, or transaction losses.
Settlement Update
A final approval hearing for the settlement is set for December 16, 2024. At this hearing, the court will decide if the settlement terms are fair for everyone involved. If approved, payments will be sent to those who qualify, based on the claims they’ve submitted.
If you were impacted by the Cash App data breaches, this settlement is a chance to get back some of what you lost. Be sure to file your claim soon and include all the required paperwork to get the most compensation possible.
Conclusion
In conclusion, the Cash App settlement offers a significant opportunity for affected users to seek compensation for losses due to data breaches between 2018 and 2023. If you experienced unauthorized access or fraudulent transactions during this period, you could be eligible to claim up to $2,500 for out-of-pocket expenses, lost time, or transaction losses. Ensure you submit your claim by the November 18, 2024, deadline and provide all necessary documentation to maximize your compensation. With the final approval hearing scheduled for December 16, 2024, now is the time to act and secure your rightful share of the settlement.
FAQs
Who can get money from the Cash App settlement?
If you used Cash App and experienced unauthorized access to your account between 2018 and 2023, you might be eligible for the settlement.
When do I need to file my claim?
You have until November 18, 2024, to submit your claim.
How much can I get back for my losses?
You can claim up to $2,500, but you’ll need to provide proof of your expenses.
What if I didn’t get a notice about this settlement?
You can still file a claim by visiting the settlement website and submitting your information online.