Cash App Class Action Lawsuit: Your Options If You Missed the Deadline

Cash App Class Action Settlement: The filing deadline to claim a data and security breach for Cash App users has expired. Yet, many users are still curious about this settlement procedure. In this article, we will learn this settlement in depth and attempt to know what you should do next if you missed the deadline.

When did the Cash App data breach occur?

This data compromise occurred in December 2021, following which a class-action lawsuit was being pursued against Cash App and Block Inc., the parent company of Cash App. The lawsuit contended that both these companies were negligent in putting proper precautionary measures in place to protect customers’ personal information.

As a result of this security breach, details of 8.2 million Cash App Investing customers were posted online. Along with this, one of their former employees had also accessed this data illegally and downloaded it, which was an extreme threat to the privacy of users.

How to claim Cash App settlement?

Cash App users were required to file their claims by November 18, 2024. The total sum of $15 million was to be paid out to the victims of these actions under this agreement. Compensable users were entitled to a maximum of $2,500.

If you use Cash App, you should review your account to determine whether there has been any unauthorized or fraudulent transfer or withdrawal of money from your account from August 23, 2018 through August 20, 2024.

How much would Cash App receive in the settlement?

Those users who were eligible for this settlement could recover up to a maximum of $2,500. But for that, users needed to provide their personal information and required documents to establish that their account was impacted by this data breach.

Was I eligible for this settlement?

Cash App users needed to satisfy the following conditions:

• Their Cash App account must have been opened prior to August 23, 2018 and active until August 20, 2024.
• They cannot have previously received compensation from Block Inc., Cash App Investing or any third party.

How to submit a Cash App settlement claim?

Members who were eligible had until November 18, 2024 to file their claim by going to www.cashappsecuritysettlement.com/submit-claim with all the information and documents.

What can I do if I’ve missed the deadline?

If you have missed the deadline to claim a Cash App settlement, panic not. You may still be able to receive legal assistance.

You may seek information regarding your rights by reaching out to Kantrowitz, Goldhammer & Grafman, attorneys for the case.

• Phone Number: 201-897-7293
• Website: www.kgglaw.com

They will be able to advise you on the next course of action based on your circumstance.

What kinds of claims might Cash App customers bring?

Cash App customers might bring a number of different kinds of claims, including:

• Personal Out-of-Pocket Losses – If his account was compromised by the data breach, he might claim a maximum of $2,500, as long as he was able to furnish the necessary documentation.
• Lost Time – If the user had spent time securing his personal information because of this data breach, he could claim a maximum of three hours, at $25 per hour.
• Transaction Losses – If the user had incurred any economic loss as a result of this data breach and had not already been given any compensation, he could file this kind of claim.

Conclusion

The Cash App data breach settlement was a landmark chance for customers whose personal details were compromised because of this breach. But if you lost your chance, you can find out about your rights by consulting an attorney.

Besides this, you should be careful about the security of your account and make sure that no unauthorized movement occurs on your account in the future. Having proper documents and information can assist you in any legal process in the future.

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