Cash App and its parent company, Block Inc., have reached a $15 million class action settlement to resolve allegations of negligence and inadequate security measures leading to data breaches. If you’re eligible, you could receive up to $2,500 for unauthorized account access or fraudulent transactions. Here’s a comprehensive guide to the settlement, eligibility, deadlines, and how to claim your compensation.
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What is the Cash App Class Action Settlement About?
The Cash App Class Action stems from a lawsuit filed in December 2021 in California. The lawsuit alleges that a data breach in 2022 exposed sensitive information of 8.2 million Cash App Investing users. According to the claims:
- A former Cash App employee accessed user account data without authorization during their employment.
- In 2023, recycled phone numbers tied to Cash App accounts were exploited, allowing unauthorized users to access funds.
The plaintiffs argued that Block Inc. and Cash App Investing failed to safeguard user information and resolve customer complaints about unauthorized transactions effectively.
Claim Up to $2,500 Cash App Class Action Settlement: Check if You are Eligible
Settlement Overview
- Settlement Amount: $15 million
- Eligible Compensation:
- Up to $2,500 for documented out-of-pocket expenses.
- $25 per hour for up to three hours of lost time related to the breach.
- Deadline to File: November 18, 2024, at 10:59:59 p.m. PT
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Who is Eligible to File a Claim?
You are eligible to file a claim under the settlement if:
- Cash App Account Holder: You were a customer of Cash App, Cash App Investing, or their affiliated entities between August 23, 2018, and August 20, 2024.
- Fraudulent Activity: You experienced unauthorized withdrawals, transfers, or access to your Cash App or Cash App Investing account.
- Personal Information Breach: Your personal information was accessed without authorization.
How to File Your Claim
Eligible users must file a claim by completing the online claim form by November 18, 2024. The claim form requires the following:
- Proof of Unauthorized Activity: Documentation of fraudulent transactions, such as bank statements or correspondence with Cash App’s support team.
- Proof of Lost Time: Any evidence showing time spent addressing the issue (e.g., filing disputes or speaking with representatives).
You can submit the form through the official settlement website or contact Cash App’s Settlement Administrator at 1-866-615-9740 for assistance.
Don’t Miss Out on Your Cash App Settlement: How to Claim Your Share of $15M Today!
When Will Payments Be Issued?
The final hearing to approve the settlement is scheduled for January 13, 2025. If the settlement is approved, payments are expected to be issued within 9 to 12 months following the final hearing.
Why Did Cash App Face Legal Action?
The lawsuit alleged multiple security failures by Cash App and Block Inc.:
- Negligence in Data Security: Allowing unauthorized access to sensitive account information.
- Insufficient Safeguards: Failing to protect user accounts from fraud and data breaches.
- Inadequate Resolution of Complaints: Poor handling of disputes regarding unauthorized transactions.
These failures resulted in millions of users’ personal information being exposed and accounts being compromised.
Key Deadlines to Remember
- Claim Filing Deadline: November 18, 2024
- Final Hearing Date: January 13, 2025
- Estimated Payment Date: Between October 2025 and January 2026
How to Stay Informed
For the latest updates on the settlement and payment schedule, you can:
- Visit the official settlement website.
- Contact the Settlement Administrator at 1-866-615-9740.
- Reach out to Cash App’s legal representative, Kantrowitz, Goldhamer & Graifman, at kgglaw.com.
Missed the Cash App Class Action Settlement Deadline? Here’s What You Need to Know Next
Don’t Miss Out: File Your Claim Today
If you’ve experienced unauthorized activity or a breach of your Cash App account, this settlement offers an opportunity to receive compensation for your losses. Ensure you gather the necessary documentation and file your claim before the November 18, 2024 deadline to secure your share of the $15 million settlement.
Stay proactive and protect your financial interests — claim what you’re entitled to today!
I had charges saying I owed a balance to cash app when I didn’t.
They apparently put a $50 charge of my account when I didn’t have the money in there to cover it and I backed out of it once I realized I didn’t have the money in my cash app account