Cash App Users Could Get Up to $2,500
Settlement Reached in Class Action Lawsuit
Cash App users could soon see some extra cash in their bank accounts. The popular mobile payment service has agreed to pay $15 million to settle a class action lawsuit alleging negligence.
Users who were affected by the alleged negligence can claim up to $2,500. The settlement covers users who used Cash App's investing feature between January 2018 and February 2021.
The lawsuit alleges that Cash App failed to adequately supervise its investment platform, which led to losses for some users. The company has denied any wrongdoing, but has agreed to the settlement to avoid further litigation.
If you're a Cash App user, you can check if you're eligible for compensation by visiting the settlement website. The deadline to file a claim is October 17, 2023.
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