Americans are set to receive up to $2,500 in settlement payments for a major data breach.
Cash App has agreed to settle a class action lawsuit for $15 million after consumers’ personal data was leaked.
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The sweep applies to customers whose account information or personal information was obtained without their permission, or whose accounts or personal information was fraudulently withdrawn or transferred between August 23, 2018 and August 20, 2024.
Cash App reportedly failed to protect consumers from two separate data breaches in 2022 and 2023.
The 2022 breach reportedly involved unauthorized access to Cash App Investing accounts by an employee.
According to the class action lawsuit, the 2023 data breach involved a third party using reused phone numbers to gain unauthorized access.
Cash App is designed to allow users to exchange money, pay vendors, and invest.
While the company has not admitted to any wrongdoing, it agreed to pay $15 million to settle a data breach class action lawsuit.
Eligible recipients can receive up to $2,500 for documented losses related to a data breach.
According to the settlement, this includes credit costs, bank fees, travel expenses and up to three hours of lost work time, which will be compensated at a rate of $25 per hour.
If class members provide sufficient documentation of their experiences with fraudulent transactions as a result of the data breach, they may be able to obtain additional compensation for these losses.
Eligible beneficiaries must submit a valid claim by November 18, 2024, to receive settlement funds.
The deadline for exclusions and objections is November 1, 2024.
More settlement money to be paid
Meanwhile, Americans are benefiting from LensCrafters’ $39 million settlement.
The settlement will provide payments directly to consumers who claim they were victims of false advertising.
The lawsuit alleges that LensCrafters made misleading statements about its AccuFit digital system.
What is a class action settlement?
Class action lawsuits give a group of people, or a “class,” a way to band together in court.
These lawsuits are often brought by one or a few individuals who allege that a company or other entity has wronged a large number of people.
When a lawsuit becomes a class action, it extends to all “class members” – people who may have similar grievances as those filing the lawsuit.
Companies often settle class action lawsuits by offering to pay money to class members, who typically waive their rights to further legal action in exchange for accepting the money.
These payment agreements often include statements in which the defendants deny any wrongdoing. Companies tend to settle class action lawsuits to avoid further litigation costs.
Contamination, discrimination, and false advertising are some examples that could result in a class action lawsuit against a company.
LensCrafters said its system is accurate “to within one-tenth of a millimeter,” making it five times more accurate than other systems.
But the plaintiffs argued that the retailers never updated their manufacturing processes to make the glasses to the 0.1 millimeter specifications.
The company denied the charges but agreed to pay a multimillion-dollar settlement to resolve the lawsuits.
The final approval hearing was held on February 26, but the court is yet to issue a final approval order.
According to the settlement website, consumers have 30 days to file claims after the final approval order is issued.
Affected customers should have received notice from Kroll Settlement Administration LLC via email or mail.
The subject of the email was “Ariza v. Luxottica Retail.”
EssilorLuxottica is a company that manufactures lenses and owns an extensive portfolio of eyewear brands sold on LensCrafters.
Eligible candidates are:
- US Residents
- I bought prescription glasses from AccuFit
- Purchased between September 5, 2013 and September 20, 2023
To claim a settlement, eligible recipients must have a receipt showing the type of prescription glasses purchased, the date of purchase, and where they were purchased.
Bank of America customers may also receive a $21 million settlement check.
Additionally, Americans can receive a lump sum of $4,500 in data breach settlement payments.
