this post was submitted on 10 Aug 2024
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Earlier this year, Cash App Investing and its parent company Block Inc. agreed to pay $15 million to settle a lawsuit that alleged a “failure to exercise reasonable care” in protecting user information leading up to and after recent data breaches. The class-action complaint cited two incidents where access to some account data was compromised, saying this resulted in numerous unauthorized charges impacting Cash App customers.

Now, those consumers can submit a claim for a settlement payment — which could include reimbursement of up to $2,500 in out-of-pocket losses — ahead of final approval. Here’s what you need to know.

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[–] some_guy@lemmy.sdf.org 6 points 2 months ago (1 children)

Everyone who qualifies has a duty to submit a claim. Even if you only get 12 cents, do it. This is one of the only ways we can hold companies accountable. Anything that isn't claimed probably gets kept by the company. Claim your tiny checks. Once in a hundred times, you might get something substantial.

[–] stoneparchment@possumpat.io 7 points 2 months ago

I don't think that's how this usually works?

IANAL and also I'm a dumbass but from when I've participated in these things in the past (and therefore when I've read the fine print), by the time they're soliciting claims they have already gone through the entire process of confirming that the lawsuit is valid and deciding how much the company owes as a settlement. So once it reaches this point, the amount the company pays is already known, and it's just equally divided among all the people with standing who file a claim.

So yeah, file a claim, because that's your money that you deserve because you have standing. But if you don't file a claim, everyone who did will just get a slightly larger amount of money

[–] grubbyweasel@sh.itjust.works 2 points 2 months ago (1 children)

anyone else getting an error on that site

[–] girlfreddy@lemmy.ca 1 points 2 months ago

It worked for me.

[–] MediaBiasFactChecker@lemmy.world -5 points 2 months ago

Associated Press - News Source Context (Click to view Full Report)Information for Associated Press:

MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source

Search topics on Ground.Newshttps://apnews.com/article/cash-app-settlement-payment-data-breach-0b4b7eebd37c7b873a5f5cf98e1e9f3bp
Media Bias Fact Check | bot support