Massive $15 Million Settlement for Cash App Users—Find Out How to Get Paid!
If you’ve used Cash App in recent years, you may be eligible for a portion of a $15 million settlement. The settlement follows a class-action lawsuit alleging that Cash App failed to properly protect user data, resulting in security breaches. Affected users could receive up to $2,500 in compensation, but you’ll need to act fast. Here’s everything you need to know.
What Led to the Settlement?
Cash App, owned by Block, Inc. (formerly known as Square), faced multiple security-related incidents that triggered the lawsuit:
- 2021 Data Breach: A former employee allegedly accessed sensitive user data without authorization, downloading reports that exposed personal information.
- 2023 Account Security Issues: Unauthorized access to accounts was reported due to recycled phone numbers tied to Cash App accounts.
While the company denies wrongdoing, it agreed to the $15 million settlement to resolve the claims.
Who Is Eligible to Claim?
To qualify for compensation, you must meet the following criteria:
- You were a Cash App or Cash App Investing user between August 23, 2018, and August 20, 2024.
- Your account experienced unauthorized access leading to fraudulent transactions or financial losses.
What You Could Get
The settlement provides reimbursements for several types of losses:
- Out-of-Pocket Expenses: Up to $2,500 for costs like credit monitoring, identity theft insurance, card replacement fees, or overdraft fees related to fraud.
- Lost Time: You may be compensated for up to three hours of time spent dealing with unauthorized account access, at $25 per hour (up to $75).
- Transaction Losses: If you lost money due to unauthorized transactions, you could be reimbursed if you provide proper documentation.
How to File Your Claim
Filing a claim is simple:
- Visit the Settlement Website: Head to the official settlement website to find the claim form.
- Enter Your Details: If you received a notice via email or mail, enter the provided Notice ID and Confirmation Code. If you didn’t receive a notice, you can still submit a claim manually.
- Upload Documentation: Provide proof of your losses, such as bank statements, receipts, or police reports.
- Submit Before the Deadline: Claims must be submitted by November 18, 2024.
Important Deadlines to Remember
- Claim Deadline: November 18, 2024
- Objection or Exclusion Deadline: November 1, 2024
- Final Settlement Hearing: January 13, 2025
Why You Should File Now
This settlement is a chance for affected Cash App users to recover financial losses caused by the company’s alleged negligence. If you think you qualify, it’s important to file your claim as soon as possible to avoid missing out.
For more information or to file your claim, visit the official settlement website or contact the Settlement Administrator at 1-866-615-9740. Don’t miss this opportunity to secure compensation for your losses!
