If you’ve heard about the Cash App settlement but aren’t sure what it means for you, this guide breaks it all down. From who qualifies for compensation to how to file a claim, here’s everything you need to know about this recent Cash App lawsuit and how it could put money back in your pocket.
Contents
What Was the Cash App Lawsuit About?
The class action lawsuit surrounding Cash App focused on a significant data breach that took place in 2021. Personal and financial information of over 8 million users was exposed due to a former employee accessing confidential customer data without authorization.
This incident led to a settlement where Block, Inc. (Cash App’s parent company) agreed to pay millions of dollars to affected users to resolve the case.
Is the Settlement Legitimate?
Yes, the settlement is legitimate. A federal court has approved the payout agreement. If you’ve received a notice or believe you’re affected, there is a valid process for claiming compensation. Always verify details through the official website to avoid any potential scams.
Who Is Eligible for the Payout?
You may be eligible for compensation if:
- You used Cash App Investing between 2020 and 2021
- Your personal information was part of the breach
- You received a notification or are listed as an affected party
If you’re unsure, check the official settlement website for eligibility and claim instructions.
How Much Compensation Can You Expect?
The payout amount will depend on several factors, including the number of claims filed and your level of impact. Eligible claimants could receive anywhere from $50 to $500 or more depending on losses, time spent addressing the breach, and other criteria.
Effective strategies for negotiating a better settlement can make a significant difference in the final payout.
Some individuals may also be reimbursed for costs like credit monitoring or identity protection services.
How to File a Claim
To receive compensation from the data breach settlement:
- Go to the official settlement website (either through a notice or by searching online)
- Complete the claim form with your details and supporting documents if necessary
- Choose your preferred payment method (e.g., direct deposit, PayPal, check)
- Submit the claim before the deadline
Make sure to submit your claim before the cutoff date, or you may lose out on compensation.
Deadline for Claims
Claim deadlines are typically listed on the settlement website. For this specific case, the deadline is usually about 90 days from the court’s approval. Double-check the official notice to ensure you don’t miss your chance.
Final Thoughts
The Cash App lawsuit settlement highlights the importance of data privacy and security. If you believe you’re eligible, take a few minutes to file your claim and secure your share of the payout.
Remember, there’s no cost to submit a claim. With millions available through this settlement, it’s worth checking if you qualify.
