If you’ve used Cash App at any time over the past six years, you might be eligible for a significant payout from a proposed $15 million class-action settlement. According to news released on August 9, 2024, Cash App customers can now submit claims for up to $2,500 as part of this settlement. The legal action stems from allegations that Cash App’s parent company, Block, Inc. (formerly known as Square, Inc.), failed to protect user data adequately, leading to potential breaches and mishandling of sensitive information.
The class-action lawsuit alleged that Block, Inc. did not provide sufficient security measures to protect users’ personal and financial data, exposing them to potential risks and losses. As a result, the company has agreed to compensate those affected, with individual payouts of up to $2,500 per claimant.
Who is Eligible for the Settlement?
To be eligible for the payout, you must have been a user of Cash App within the timeframe specified in the lawsuit, which generally covers a significant portion of the past six years. Additionally, you must have been affected by the issues outlined in the lawsuit, such as a data breach or financial losses related to your use of the app. Those who qualify are part of the settlement class and can submit a claim to receive compensation.
How to Submit Your Claim
Eligible customers will receive a notification from the settlement administrator. This notice will contain essential details, including the deadline for filing a claim and instructions on how to do so. To claim your payout, you must complete and submit a claim form, which is available online. In some cases, you may need to provide documentation to support your claim, such as proof of your Cash App usage or evidence of any financial losses or data breaches you experienced.
It’s crucial to submit your claim before the specified deadline, as late submissions may not be considered. Once your claim is submitted, it will be reviewed by the settlement administrator, who will determine your eligibility and notify you of the payout amount you can expect to receive.
When to Expect Your Payout
The payout process will begin after the settlement is finalized, and all claims have been processed. This process could take several months, depending on the number of claims submitted and the complexity of the settlement. Eligible customers should be patient as they await their compensation.
This settlement highlights the importance of data security and the rights of consumers in the digital age. If you believe you are eligible for the $2,500 payout, make sure to submit your claim promptly to ensure you receive the compensation you deserve
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