These individuals are set to receive nearly $3,000 in payments hitting their bank accounts. When class action lawsuits occur, it often means that plaintiffs are rewarded with large monetary compensations for the damage a person or entity has caused a group of individuals. Usually, a class action lawsuit is the best way forward for individuals who want to hold a large company accountable for a problem which has affected many people. This is due to the inherent power imbalance between a single individual and a large company.
What happens in a class action lawsuit
During a class action lawsuit, a group of individuals decides to sue a defendant together over a similar problem instead of pursuing individual legal justice. A class representative will file a lawsuit on behalf of the others, whereby a court needs to confirm if the lawsuit warrants class action. Once approved, class members are given the opportunity to opt in or out of the case.
Class action lawsuits have become very common to against defendants over security and data breaches, consumer fraud, and employment discrimination. The major advantage a class action lawsuit has over a single individual pursuing legal action is it is much more likely a plaintiff will win the case, especially if the lawsuit is against a major company or cooperation.
One criterion to fill and you could see $3,000 hitting your bank account
Recently, Cash App has decided to settle a class action lawsuit with plaintiffs and pay out $15 million in damages. However, they have not admitted to any wrongdoing. Cash App is a mobile payment service which allows consumers to send and receive money as well as invest. The lawsuit was brought against the company over unauthorized access to client data as well as over fraudulent transactions. The payment date is set to be finalized by the end of this year.
Plaintiffs can receive as much as $3,000 in payment for the damages incurred over the data breach. The most important qualifying criteria to receive a payout for the class action suit is as follows:
- You must have submitted a legitimate claims form for the case by November 18, 2024
In order for your claims form to be legitimate, the following must be relevant for you:
- To receive a payment of $2,500, you must have been affected by the data and security breach between August 23, 2018, and August 20, 2024 in your Cash App or Cash App Investing accounts
- If you experienced losses due to the litigation case, you can be reimbursed at a rate of $25 per hour for up to three hours, totaling $75
- If you experienced transactional losses between August 23, 2018, and August 20, 2024, you are also eligible to receive a share of the settlement
Data breach settlements are on the rise
In an age where banking is increasingly moving online, data breaches continue to be on the rise. Financial companies have a heightened responsibility more than ever before to ensure that they secure their clients’ financial information and data. Since 2001, cybercrime has increased nearly 700 times over. If companies do not secure sensitive financial informational, it not only risks fraud occurring but also risks identity theft.
In a recent major data breach class action lawsuit, WellNow Urgent Care agreed to settle with plaintiffs who can receive up to $7,500 in damages over the leakage of sensitive patient data. While the deadline to be part of the Cash App settlement has passed, the deadline for exclusion and objection for the WellNow Urgent Care case is July 11, where you must submit a valid claim before this date. However, while the deadline has passed to be included in the Cash App settlement, for more information about this settlement, you can visit Top Class Actions and get informed about how to file a claim.
Disclaimer: You should not submit false or inflated claims under penalty of perjury, as class‑action claim forms historically required declarations signed “under penalty of perjury” to ensure authenticity. Submitting a fraudulent claim not only carries legal exposure—including potential civil and criminal sanctions—but also harms other eligible class members by diluting the available settlement pool.
