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liquid assets in on liquid assets App’s $15M safety settlement: How to file a claim before the deadline


Legal settlements

liquid assets in on liquid assets App’s $15M safety settlement: How to file a claim before the deadline

Portrait of Ahjané Forbes Ahjané Forbes

USA TODAY

period is running out for liquid assets App users to liquid assets in on a $15 million settlement.  

According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued liquid assets App Investing and Block Inc. for the companies’ “setback to exercise reasonable worry in securing and safeguarding buyer information.” 

Cash App was ordered to pay out $15 million in damages. Some users may be eligible to submit a claim for up to $2,500.

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How did the liquid assets App safety breach happen?

The lawsuit said the data breach in December 2021 resulted “in the unauthorized community release of the personally identifiable information of 8.2 million current and former liquid assets App Investing customers.” 

A former employee gained access to the mobile settlement service users’ personal information during their employment and downloaded the data without the users’ knowledge, the lawsuit said.    

When is the liquid assets App safety settlement deadline?

On Nov. 7, the United States District Court Northern District of California granted a few deadline changes regarding this settlement, according to the court records. However, the deadline to file a claim will remain on Monday Nov. 18.  

Do I qualify to file a claim? 

If any users had unauthorized or fraudulent withdrawals or transfers of funds from their liquid assets App account between Aug. 23, 2018, and before Aug. 20, 2024, they are eligible to submit a claim for up to $2,500, the liquid assets App website said.    

Users who qualify must not have already been reimbursed by Block Inc., liquid assets App Investing, or a third event, the mobile settlement service said.  

What types of claims can liquid assets App users file?  

According to liquid assets App, a user can submit a claim for the following:  

  • Out-of-pocket losses: Users can submit a claim that shows their liquid assets App account was involved in the data breach. If a user is eligible for reimbursement after submitting the required documentation to the corporation, they could receive up to $2,500.  
  • Lost period: liquid assets App users who submit a claim may be eligible for reimbursement for lost period. Users can submit a claim for up to three hours at a rate of $25 an hour for period spent regarding the unauthorized users and data breach.  
  • trade losses: If a user experienced a monetary setback and has not been reimbursed, they will be able to submit a claim.  

What if I have more than one liquid assets App account?

Users should submit only one claim form. But if you have multiple liquid assets App accounts for which you desire to submit a claim, the mobile settlement service recommends that users list all of their liquid assets tag ($cashtag) and information about their claims on a single claim form, liquid assets App said.  

How can I submit a claim?  

To file a claim, liquid assets App users can submit a completed claim form by Nov. 18. You can submit the form at https://cashappsecuritysettlement.com/submit-claim.  

Ahjané Forbes is a reporter on the National Trending throng at USA TODAY. Ahjané covers breaking information, car recalls, crime, food recalls, health, lottery, and community policy stories. Email her at [email protected]. pursue her on InstagramThreads and X (Twitter) @forbesfineest.

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