close
close

Apre-salomemanzo

Breaking: Beyond Headlines!

Time is almost up, take advantage of Cash App’s  million settlement before it’s too late
aecifo

Time is almost up, take advantage of Cash App’s $15 million settlement before it’s too late

Your chance of claiming money decreases.

For those who have used Cash App as their primary application to send money electronically since 2018, time is quickly running out to submit a claim for up to $2,500 as part of a $15 million settlement.

Starting today, users have until November 18 to file a complaint or opt out in one go.

THE class action involves Block Inc., which owns Cash App and Cash App Investing. The company was accused of negligence and breach of its obligations to users in 2022 when a a former employee accessed account data without authorization.

In a 2022 filing with the U.S. Securities and Exchange Commission, Block Inc. said it was notifying approximately 8.2 million current and former users addressing what happened.

According to the lawsuit, Block Inc. was negligent again in 2023 when “an unauthorized user” accessed a few Cash App accounts while using recycled phone numbers linked to those accounts.

Block Inc. and Cash App Investing were also accused of failing to protect these accounts after the two incidents and failing to “adequately resolve customer complaints regarding unauthorized or fraudulent transactions.”

Even though Block Inc. and Cash App Investing denied liability and wrongdoing earlier this year, they accepted the Payment of $15.

So if you think there’s a chance all of this applies to you, a website outlining the rules says you might be eligible if you have been or were a user of Cash App and/or Cash App Investing , and your account has been accessed without your authorization. or there were unauthorized or fraudulent withdrawals or transfers with your account between August 23, 2018 and August 20, 2024.

For those considering submitting a complaint before it is too late, if you have received a notice by mail or email, you can either enter your Notice ID or confirmation code on the settlement website. If you have not received a notice but think you are still eligible, please feel free to fill out a claim form. here.

For those who have already submitted a claim, if the settlement and payments are approved, claimants could receive up to $2,500 “for personal losses” suffered during the stated period, the settlement website explains.

But remember, you’ll need to submit “third-party documentation” supporting “a data security incident, unauthorized account event, or error resolution failure” with your Cash App or Cash App Investing account.

Claimants can also submit a request for reimbursement for lost time, which would be capped at $25 per hour for three hours in this case, for a total of $75, and for documented transaction losses due to “an event unauthorized account”.

To do this, you will need to submit at least one of the following three options: a copy of an unauthorized account event notification; a copy of a police report relating to an unauthorized account event; or a document demonstrating that your account was accessed without your authorization.

More details on the settlement benefits available can be found here.

At this time, it is unclear when the payments will be distributed. A final approval hearing for the settlement was scheduled for December 16, 2024, although the site says it was postponed until January 13, 2025, pending court approval.