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The deadline to submit the Cash App Security Settlement Class action claim form is just a few days away. Customers affected by the Cash App who wanted to be compensated from the $15 million settlement fund can check the details of the settlement from claim form submission to payout here.
Cash App Settlement Class Action
Plaintiffs Raymel Washington, Amanda Gordon and Michelle Salinas filed two lawsuits against Cash App Investing and Block Inc., which were later replaced by a class action. Plaintiffs allege that the defendant neglected Cash App Investing employees who accessed account information in 2022, and a third accessed the account with recycled phone numbers associated with Cash App accounts in 2023.
The plaintiffs allege that the defendant failed and neglected its obligations to take appropriate actions to prevent unauthorized access and use of Cash App investments and Cash App accounts, and to resolve the user’s complaint about the fraudulent transfer of money.
Cash App Settlement Class Action Lawsuit Important Dates
In a recent update to the Cash App Security Settlement, the court extended certain settlement deadlines, so class members mark the following date on their calendars to exercise their rights in time:
| Cash application settlement activities | Date |
| The deadline for submitting the request | November 18, 2024 |
| Exclusion from/ Facility Term | Extended until November 18, 2024 |
| Final approval hearingMr | Extended until January 13, 2025 |
What makes you a member of the Cash App Settlement class?
If you meet the following Cash App Settlement eligibility requirements, then you are a class member and claim the settlement benefit:
- You are a current or former Cash App or investor in Cash App or any of its affiliates,
- Your personal information from your Cash App account or Cash App investment account has been accessed or obtained without your consent or you have experienced unauthorized withdrawals or transactions of money to or from your account or an account linked to your Cash App or Cash App investment between the teaching period of August 23, 2018 and August 20, 2024.
Cash Settlement Class Action Benefits
Pursuant to the Cash App settlement, Block and Cash App Investing will deposit a $15 million settlement fund, which will be used first to pay attorneys’ fees and costs, awards for class representative services, settlement administration costs and pre-distribution costs among class members.
Net Settlement Fund Cash App Settlement after deducting the above amount, Class Members will be entitled to the following benefits and seek compensation based on their loss or inconvenience:
- Compensation for lost time: You can claim compensation for time lost in resolving unauthorized access to your account for up to three hours, where you will receive $25 for each hour.
- Out-of-Pocket Loss Compensation: You can claim a cash payment of up to $2,500 for an out-of-pocket loss, which should be supported by appropriate third-party documents showing data security incidents, freezing costsMr bill or credit card or any unauthorized event that cost you money between classes.
- Compensation for Loss of Transaction: You may claim that the loss of your transaction occurred during the class period due to unauthorized access to your Cash App account or Cash App Investing account information. You should submit several documents to prove your monetary loss in the account due to the account leak, such as a copy of the police report, notice of unauthorized event on the defendant’s account, and others.
How can you apply for Cash App Settlement?
Former or current customers of Cash App Investing or Cash App who meet the qualifications for a class member and wish to receive compensation for inconvenience during the class period may apply in the following ways:
- Online: You can visit the Cash App Security Settlement website at and submit your claim using your Notice ID and confirmation code before the deadline.
- Postmarked: You may send the completed claim form to Settlement Administrator with valid documents (if applicable) to claim 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 need to submit only one claim form related to all the accounts and mention their details in the form.
When will you receive your Cash App settlement payment?
As we previously mentioned, the District Court for the Northern District of California has extended the final hearing to approve the Cash App Security settlement until January 13, 2025, and distribution of compensation will only begin after the hearing.
The court will assess the fairness and reasonableness of the settlement and approve the allocation of costs and fees. Eligible claimants can expect settlement fund distribution within 90 to 180 days of final settlement approval based on the payment method they have chosen.
Applicants who have selected electronic payment methods will receive their payment earlier, so applicants are advised to choose the online payment method instead of paper checks.
The Cash App Security settlement form submission deadline is only three days, a non-filing class member should submit the form immediately to receive compensation of up to $2,500 for out-of-pocket loss, transaction loss or time loss due to negligence of Cash App investment and block Inch. to protect user account information.
