Important Settlement for Cash App Users: A $15 Million Opportunity

Friday, 9 August 2024, 19:24

Cash App users, both current and former, may qualify for a significant payout from a proposed $15 million class-action settlement. This settlement comes in response to a lawsuit against Cash App Investing and Block Inc., which alleged that they did not adequately protect user data amid recent breaches. The lawsuit highlighted instances of compromised account information that led to unauthorized charges. Eligible users should take note of this opportunity to claim their share of compensation.

Yahoo Finance — Important Settlement for Cash App Users: A $15 Million Opportunity

Overview of the Cash App Settlement

Cash App users need to be aware of an attractive settlement opportunity regarding their personal data security. Both current and former users of Cash App may be eligible for a share of the $15 million settlement.

Lawsuit Details

Defendant: Cash App Investing and its parent company Block Inc.
Settlement Amount: $15 million
Allegations: Failure to exercise reasonable care in protecting user information

Impact on Users

The lawsuit resulted from data breaches where account information was compromised, leading to numerous unauthorized charges for users. Those affected may have the right to claim a portion of the settlement.

Conclusion

If you are a user of Cash App, stay informed about this potential compensation. Don’t miss the opportunity to claim your share of the settlement.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.