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Time is running out, cash in on Cash App’s  million settlement before it’s too late
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Time is running out, cash in on Cash App’s $15 million settlement before it’s too late

Your chance of filing a cash claim decreases.

For those who have been using Cash App as their main app for sending money electronically since 2018, time is quickly running out to file a claim for up to $2,500 in a $15 million settlement.

Starting today, users have until November 18 to file a claim or withdraw from it all at once.

The class action lawsuit involves Block Inc. involved, owner of Cash App and Cash App Investing. The company was accused in 2022 of negligence and breaching obligations to users when a former employee accessed account data without permission.

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

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

Block Inc. and Cash App Investing were also accused of failing to protect these accounts after both incidents and also of failing to adequately resolve customer complaints about unauthorized or fraudulent transactions.

Although Block Inc. and Cash App Investing denied liability and wrongdoing earlier this year, they agreed to the $15 settlement.

So if you think there’s a chance this all applies to you, a website describing the settlement says you could qualify if you are or were a user of Cash App and/or Cash App Investing, and your account has been accessed without your permission. or unauthorized or fraudulent withdrawals or transfers occurred on your account between August 23, 2018 and August 20, 2024.

For those planning to file a claim before it’s too late, if you received a notice by mail or email, you can enter your notice ID or confirmation code on the settlement website. If you have not received a notification but believe you are still eligible, you can complete a claim form here.

For those who have already filed a claim, if the settlement and payments are approved, claimants could receive up to $2,500 “for out-of-pocket losses” suffered during the specified time frame, the settlement website explains.

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

Claimants can also make a claim for compensation for lost time, which in this case is limited to $25 per hour for three hours, for a total of $75, and for documented transaction losses due to “an unauthorized account event.”

To do this, you must submit at least one of three options: a copy of an unauthorized account event notification; a copy of a police report regarding an unauthorized account event; or a document proving that your account was accessed without your permission.

More details about the available settlement benefits 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 states it has been rescheduled for January 13, 2025, pending court approval.