On October 23, the government approved a $725 million data settlement with Facebook. And if you are one of the claimants, you will soon be getting your settlement money. Let’s look at the times and amounts of the payouts.
Facebook Settlement Payout Date
People who used Facebook said that the company shared or let third-party apps access their data and the data of their friends without their permission, which led to many cases.
Once the federal judge in California gives the go-ahead, Facebook will pay the settlement to people who have made a legal claim.
A lot of people from the US filed claims for the Facebook data settlement. Reports say that the Facebook data privacy settlement will be given to people who have valid claims. The claims will be checked and approved by the settlement body, and then the money will be sent to the claimants’ accounts.
The settlement was supposed to happen within 30 days of the order on October 10, but Facebook didn’t go through with it.
After that, Judge Chhbria said the money would be sent out in 90 days, which means the payment should happen in early January 2024.
Still, the claimants haven’t received the payment, so we can expect it in February or March 2024.
Who can get the Facebook settlement payment?
The authority has decided that the following groups will be part of the settlement in the Facebook vs. Consumer Privacy User Profile Litigation:
If their claims are found to be true, Facebook will pay US Facebook users who used the site between May 24, 2007, and December 22, 2022.
The last day to get the Facebook privacy payout was in August 2023. That means you can’t get your settlement money right now.
Remember that a settlement class member who hasn’t done anything has given up their right to sue Facebook or fight any case against Facebook, so they can’t get the settlement money.
Exclusions:
There are some exclusions for the settlement class, let’s what it is:
- Eligible users to choose to stay out of the settlement class.
- People who were involved in the case, from directors to legal representatives
- People who are involved in settlement mediation, be it the staff of the mediator court, or judge, will be excluded from the settlement class.
- Class Counsel for Plaintiffs and their staff.
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What is the Facebook settlement amount?
Meta has set up a $725 million payout fund to pay everyone who has a valid claim. The amount of the payment will depend on how many claims are made and how long the claimant has been a Facebook user during the time they are eligible.
You will get administrative fees taken out of the settlement funds. The amount left over is called the “Net Settlement Funds.”
This net Settlement Fund is how much the eligible claimant will get in the end.
Net Settlement Fund = Settlement Fund – Costs of Running the Business.
People who made claims and used Facebook during class will get one point for every month they played. Reports say that the applicants can expect $30 for each person.
People who made claims will get their money in the way they picked when they made the claims. You can get your money through Zelle, a prepaid Mastercard, PayPal, or a paper check as an applicant.
How to check your Facebook Settlement status?
More than 17 million claims for the Facebook data settlement were sent 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 find out if they are qualified for the Facebook privacy settlement.
You can also email FacebookUSerprivacysettlement@gmail.com or call the toll-free number 1-855-556-2233 if you need more information or want to ask about the payments.
The claimants will get their money from the Facebook Privacy Settlement in February 2024 or at the end of March 2024. The money has not yet been given. If you are one of the claims, find out when you can expect to get your settlement payment.
Deborah Encarnacion when will I get mine. Deborahencarnacion94@gmail.com