In the United States, there are around 50 million people who use CashApp. If you are one of those people, you can be entitled for a payout of up to $2,500. In response to data breaches that had an impact on the organization, a class action settlement was struck, which resulted in a total of fifteen million dollars being paid out.
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What happened?
In 2022 and 2023, CashApp suffered data breaches that compromised consumer data. The class action case, “Salinas, et al. v. Block Inc., et al., Case No. 3:22-cv-04823-AMO,” claimed CashApp failed to protect clients from these intrusions. Therefore, several users encountered fraudulent transactions.
Eligibility Criteria For Users
- Be a current or former CashApp customer.
- Have had your personal information obtained without consent.
- Have experienced fraudulent transactions between August 23, 2018, and August 20, 2024.
How to File a Claim
If you meet the eligibility requirements, you can file a claim through the official settlement website. You’ll need to fill out a form and provide supporting documentation, such as:
- Receipts
- Credit card statements
- Police reports
If you received a notification ID and confirmation code, be sure to include those as well. If you didn’t receive them, you can still file a claim.
Important Dates
- November 1, 2024: Deadline to object to the settlement
- November 18, 2024: Deadline to submit a claim
- December 16, 2024: Final court hearing (assuming no complications or objections)
What to Expect
The amount of the payout will vary depending on the severity of each individual’s case and how much they were affected by the data breach. However, those involved in the settlement are eligible for up to $2,500.
Class Action Lawsuit
With a class action case, a lot of people can file a lawsuit against one company or other entity at once. It was made on behalf of CashApp users who were hurt by the data breach in this case. By settling the case, CashApp is giving those who were hurt money without admitting fault..
How Class Action Lawsuits Work
Class action lawsuits aid comparable victims. For CashApp users who had their personal information hacked and experienced fraudulent transactions, the complaint was filed.
The court must certify a class action lawsuit to ensure that the plaintiffs can represent a group with identical grievances. If the judge certifies the class, the action can proceed.
Companies often settle class action lawsuits to avoid trial costs and uncertainty. By settling, CashApp compensates victims without admitting guilt..
What Happens Next
Now that the settlement has been reached, CashApp users who are eligible can submit a claim. The claims will be reviewed, and payments will be made to those who are eligible.
It’s important to note that if you don’t submit a claim, you won’t receive a payout. Additionally, if you don’t object to the settlement by November 1, 2024, you’ll be bound by the terms of the settlement and won’t be able to pursue further legal action.
What to Do If You’re Eligible
If you’re eligible for the payout, make sure to submit a claim by November 18, 2024. You can find more information and the claim form on the official settlement website.
Remember to include all supporting documentation and keep a copy for your records.
FAQs
Who is eligible for the payout?
Current or former CashApp users who experienced fraudulent transactions.
How much can I receive?
Up to $2,500.
How do I file a claim?
Through the official settlement website.
Is there a deadline to file a claim?
Yes, November 18, 2024.
Do I need to be a current CashApp user?
No, former users are also eligible.
