The government officially approved a 725 million dollar settlement with Facebook on October 23. If you are one of the claimants, you should anticipate the prompt receipt of your settlement funds. We will meticulously review the payment schedule and amounts to ensure a fair and efficient distribution process.
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Facebook Settlement Payout Date
Users of Facebook claimed that the company either shared their data or permitted third-party apps to access their data and their friends’ data without authorization, resulting in numerous instances.
- Once the federal judge in California approves, Facebook will pay the settlement to those who have made legal claims.
- Many people from the US filed claims for the Facebook data settlement.
- The settlement body will check and approve the claims, and then the money will be sent to the claimants’ accounts.
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Timeline of Settlement
- The settlement was anticipated to take place within 30 days of the ruling on October 10, but Facebook did not follow through.
- Judge Chhbria later stated that the money would be sent out in 90 days, meaning the payment should occur in early January 2024.
- As of now, claimants have not received the payment, so it is expected in February or March 2024.
Eligibility for Facebook Settlement Payment
The following groups have been selected to participate in the resolution of the Facebook vs. Consumer Privacy User Profile Litigation according to the decision made by the authority:
- US Facebook users who used the site between May 24, 2007, and December 22, 2022, if their claims are found to be valid.
- The deadline for submitting a claim for the Facebook privacy settlement was August 2023, so it’s not possible to make new claims now.
- Members of the settlement class who have not taken any action have waived their right to sue Facebook or contest any case against Facebook, thereby giving up the settlement money.
Exclusions
Certain groups are excluded from the settlement class:
- Eligible users who choose to stay out of the settlement class.
- People involved in the case, from directors to legal representatives.
- Individuals involved in settlement mediation, including staff of the mediator court or judge.
- Class Counsel for Plaintiffs and their staff.
Facebook Settlement Amount
Meta has established a payout fund of $725 million to compensate all individuals with legitimate claims. The payment sum will be based on the quantity of claims submitted and the length of time the claimant has been using Facebook during the qualifying period.
- Administrative fees will be deducted from the settlement funds, leaving the “Net Settlement Funds.”
- The Net Settlement Fund is the amount the eligible claimant will receive.
- Claimants who used Facebook during the class period will get one point for every month they were active.
- Reports suggest that applicants can expect around $30 per person.
- Claimants will receive their money through the method they selected when making the claims, such as Zelle, a prepaid Mastercard, PayPal, or a paper check.
Checking Facebook Settlement Status
More than 17 million claims for the Facebook data settlement were submitted to the settlement administration in 2023.
- People can use the online portal set up by the Settlement Administrator to check the status of their claim and determine if they are qualified for the Facebook privacy settlement.
- For more information or inquiries about the payments, you can email [email protected] or call the toll-free number 1-855-556-2233.
The individuals who filed claims will be paid from the Facebook Privacy Settlement either in February 2024 or by the conclusion of March 2024. The distribution of the funds has not taken place as of now. If you are among those who filed a claim, please check when you can anticipate the arrival of your settlement payment.
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Michael is an avid automobile enthusiast who is passionate about all things on wheels. From the latest car models to classic vintage rides, I love exploring the automotive world’s intricate details and engineering marvels. With years of experience in test-driving, reviewing, and analyzing cars, I provide readers with comprehensive insights and honest opinions.