If you’ve used Cash App in the past six years, you might be eligible for compensation from a Fifteen million class action settlement. The lawsuit claims that Cash App and its parent company, Block, Inc., didn’t properly secure user data, leading to unauthorized account access and financial losses. Below are key details on eligibility, potential payouts, and how to file a claim.
Cash App Settlement Summary
| Aspect | Details |
|---|---|
| Settlement Website | Cash App Settlement |
| Total Settlement Amount | $15 Million |
| Compensation Available | Up to $2,500 for direct losses, plus $25 per hour (up to 3 hours) for lost time |
| Claim Deadline | April 18, 2025, by 10:59:59 PM (online or postmarked by mail) |
| Eligible Claimants | Users impacted by unauthorized transactions or data breaches between 2018 and 2024 |
| Final Approval Hearing | April 16, 2025, at 9:30 AM |
| Contact for Assistance | Settlement administrator (details on the official website) |
Understanding the Cash App Class Action Settlement
The lawsuit against Cash App and its parent company claims they failed to implement proper security measures, leading to unauthorized account access and financial losses for users. Several incidents involving unauthorized individuals accessing accounts led to the filing of this class action. If you were affected, you could be eligible for compensation under the settlement terms.
Who Qualifies for Compensation?
You may be eligible to file a claim if:
- You were a Cash App or Cash App Investing user between August 23, 2018, and August 20, 2024.
- Your account was accessed without your authorization, leading to data breaches or security issues.
- You experienced unauthorized transactions or fund transfers.
- You had difficulty resolving account errors due to security lapses.
Compensation Breakdown
The amount of compensation you receive depends on your specific claim:
- Direct Losses: Users who lost money due to unauthorized withdrawals or fraudulent transactions can claim up to $2,500. Supporting documents, such as bank statements or receipts, must be provided.
- Lost Time Compensation: If you spent time addressing unauthorized access or fraudulent activities, you may be eligible for reimbursement at a rate of $25 per hour, for up to 3 hours.
Key Dates to Remember
- Claim Submission Deadline: April 18, 2025, at 10:59:59 PM (online or postmarked mail-in submissions).
- Final Settlement Hearing: April 16, 2025, at 9:30 AM. The court will review and finalize the settlement terms before compensation is distributed.
How to File a Claim
To receive compensation, follow these steps:
- Verify Your Eligibility
- Review the official settlement terms on the Cash App Settlement website.
- Gather Necessary Documents
- Collect evidence of unauthorized transactions, financial statements, or relevant communication with Cash App regarding the issue.
- Complete the Claim Form
- Fill out the official claim form available on the settlement website with accurate details and supporting documentation.
- Submit Your Claim
- Send your completed claim online or via mail before the April 18, 2025, deadline.
Additional Assistance
If you have questions or need help submitting your claim, you can contact the settlement administrator using the information provided on the official website. Ensure your contact details are up to date to receive notifications about your compensation status.
Frequently Asked Questions (FAQs)
Q: Who qualifies for the Cash App settlement?
A: If you used Cash App between August 23, 2018, and August 20, 2024, and faced unauthorized access or transactions, you may be eligible.
Q: What proof do I need to provide?
A: Required documents include bank statements, transaction records, or communication proving unauthorized account access or financial loss.
Q: When will compensation be distributed?
A: Payments will be processed after the final court approval hearing on April 16, 2025.
By following these steps and ensuring your claim is properly submitted, you can take advantage of the compensation available under the Cash App class action settlement.
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