Cash App Settlement Class Action Lawsuit: Claim Deadline & Payout Date!

The Cash App Security Settlement Class action lawsuit claim form deadline is just a few days away. The Cash App affected customers who wished to receive compensation from the $15 million settlement fund can check settlement details here from the claim form submission to payout. 

Cash App Settlement Class Action Lawsuit

The plaintiffs Raymel Washington, Amanda Gordon, and Michelle Salinas had filed two lawsuits against Cash App Investing and Block Inc., which was later replaced by the class action. The plaintiffs claim the defendant neglected the Cash App Investing employees accessing the account data in 2022 and a third accessed the account with recycled phone numbers linked to the Cash App accounts in 2023. 

The plaintiffs claim that the defendant failed and neglected obligations to execute proper actions to prevent the unauthorized access, and use of Cash App investing and Cash App accounts, and resolve the customer’s complaint of fraudulent money transfer. 

Cash App Settlement Class Action Lawsuit Important Dates 

In the recent update of Cash App Security Settlement, the court has extended certain deadlines of the settlement, so class members mark the following date in your calendar to timely exercise your rights:

Cash App Settlement Activities  Date 
Claim Deadline  18 Nov 2024
Exclusion from/ Object Deadline  Extended to 18 Nov 2024
Final Approval Hearing Extended to 13 Jan 2025

What makes you a Cash App Settlement class member?

If you meet the following eligibility requirements of the Cash App Settlement, then you are the class member and claim the settlement benefit:

  • You are a current or former Cash App or Cash App investing or any of its subsidiaries,
  • Your personal information from the Cash App account or Cash App investing account was accessed or acquired without your consent or you have faced unauthorized withdrawals or transactions of money to or from your account or account linked to your Cash App or Cash App investing between the class period 23 August 2018 and 20 august 2024.

Cash App Settlement Class Action Benefits 

Under the Cash App settlement, the Block and Cash App Investing will deposit the $15 million settlement fund, which will be first used to pay attorney’s fees & costs, class representative Service awards, settlement administration costs, and expenses before the distribution of funds among the class members. 

The Net settlement fund of the Cash App settlement after deducting the above-mentioned amount, the class members will be entitled to receive the following benefits and claim the compensation based on their loss or inconvenience:

  • Lost time Compensation: You can claim the payout for your lost time in dealing with the account’s unauthorized access for up to three hours, where you will receive $25 for every hour. 
  • Out-of-Pocket Losses Compensation: You can claim a cash payment of up to $2,500 in out-of-pocket loss, which should be supported by the proper third-party documents showing data security incidents, cost of freezing the account or credit card, or any unauthorized event that cost you money between the class period.
  • Transaction Loss Compensation: You can claim your transaction loss occurred during the class period due to the Cash App account or Cash App Investing account unauthorized access to the account data. You would need to submit a few documents to prove your monetary loss from the account due to the account information leak, such as a police report copy, the defendant’s unauthorized account event notice, and others. 

How do you claim the Cash App Settlement?

The former or current Cash App Investing or Cash App customers who meet the class member qualifications and wish to receive compensation for the inconvenience during the class period can submit the claim through the following ways:

  • Online: You can visit the online settlement website of Cash App Security Settlement at https://www.cashappsecuritysettlement.com/ and submit the claim through your Notice ID and confirmation code before the deadline.
  • Postmarked: You can send the filled claim form to the settlement administrator with the valid documents (if applicable) to claim the Cash App settlement benefits at the following address:
  • Cash App Security Settlement Administrator
  • 1650 Arch Street, Suite 2210
  • Philadelphia, PA 19103

Important Note: If you have more than one Cash App account, you must submit only one claim form relating to all accounts and mention its details in the form. 

When will you receive the Cash App settlement payout?

As we have mentioned earlier, the District Court for the Northern District of California has extended the final approval hearing of the Cash App Security settlement to 13 January 2025, the compensation distribution will commence after the hearing only. 

The court will assess the fairness and reasonability of the settlement and approve the cost and compensation distribution. The valid claimants can expect the distribution of the settlement fund within 90 to 180 days of the settlement’s final approval based on the payment method they have selected.

The claimants who have selected the electronic payment methods will receive the payment early, so we advise the claimants to select the online payment method rather than the paper checks. 

The Cash App Security settlement claim form deadline is just three days away, the class member who hasn’t filed the claim should submit the form right away to receive compensation of up to $2,500 for out-of-pocket loss, transaction loss, or for time loss due to the Cash App investing and block Inc. negligence to protect the user’s account data.