Cash App customers eligible to join class action settlement
If you are a Cash App customer, you may be eligible for a cash payment from a class action settlement involving Block, Inc. and Cash App Investing, LLC but you need to act.
A court-authorized notice of a proposed settlement was issued for a class action lawsuit involving, Salinas, et al. v. Block, Inc. and Cash App Investing, LLC, Case No. 22-cv-04823, currently pending in the District Court for the Northern District of California.
The proposed settlement would resolve a lawsuit that alleges that Block, Inc. (“Block”) and Cash App Investing, LLC (“Cash App Investing”) were negligent, made misrepresentations and breached other obligations to their users in connection with:
(1) a data security incident that Cash App Investing disclosed in April 2022,
(2) a data security incident that Block disclosed in October 2023
(3) alleged unauthorized, and fraudulent withdrawals and transfers of funds to or from and complaint and error resolution processes associated with, Cash App accounts and linked accounts.
Block and Cash App Investing contest these claims and deny that they did anything wrong.
If you are a Cash App customer, you have legal rights and options that you may act on before the court decides whether to approve the proposed settlement. Because your rights will be affected by this settlement, it is extremely important that you know how to act.
To read the precise terms and conditions of the settlement, you can access a copy of the Settlement Agreement here: https://www.cashappsecuritysettlement.com/. You may also contact the Settlement Administrator at 1-866-615-9740.
