If you used Facebook in the last 16 years, you will be able to get money as part of a class-action settlement over the alleged Cambridge Analytica scandal that occurred five years ago. By the way, how much money will you get from the Facebook Lawsuit Settlement Claim? Let us find out that information by reading this section below.
How Much Money Will I Get from The Facebook Lawsuit Settlement?
The settlement agreement provides for a fund of $750 million to be distributed to eligible people. So, how much money will you get from the Facebook Lawsuit? There is no set payout amount per user. According to the settlement website, the settlement amount per user will depend on a few factors, including how many people file claims, as well as the total amount of eligible claims that are approved. Also, how long you were a Facebook user will determine the size of your settlement payment, the longer you were an active Facebook user, then the larger your settlement payment will be.
We get information that if every eligible Facebook user fills out a claim, then each person would likely get less than $5. On the other hand, only a few of the Facebook users who are likely to fill out the claim. Thus, the fewer Facebook users who fill out the claim, the more each Facebook user will get. In addition, lawyers’ fees and administrative expenses will be deducted from the $725 million pot before your settlement payment lands in your bank account.
When Will I Get Money from the Facebook Lawsuit Settlement?
There is no set date. That is still unclear. But you must know that a final approval hearing for the settlement is scheduled for September 7, which is around two weeks after the August 25 deadline to fill out the claims. Thus, as far now, it is still unknown the actual date when the claimants will get money from the Facebook Lawsuit Settlement.
How To Get Money from the Facebook Lawsuit Settlement?
If you want to get money from the Facebook Lawsuit Settlement, you must fill out a claim. If you do not fill out one, then you will not get your settlement payment.
- To start the process, first you must fill out a form. You will be able to mail in a printed version or you can do it online at facebookuserprivacysettlement.com. The form will ask for some key information, including your name, address, and email to confirm your account. Then, you will be asked some questions asking whether you lived in the United States and had a Facebook account during any of the relevant years. If you have deleted your Facebook account, you must give the dates when you were a Facebook user.
- After that, you must give one or more identifiers associated with your Facebook account. The options are email, username, and phone number. Remember that even if you had some Facebook accounts during these years, you are just eligible for one settlement payment.
- The last step, you must select some options for receiving your settlement payment, which include PayPal, Zelle, Venmo, direct deposit, check or a prepaid Mastercard.
A bookworm and researcher especially related to law and citizenship education. I spend time every day in front of the internet and the campus library.
