People clutch their breath for the Facebook Settlement Payout Date that would support them through financial aid from the firm. Meta, Facebook’s parent corporation, has accepted and agreed to pay for the Class-Action settlement with $725 million.
Even if it was declared in December 2022, two years ago, individuals still need to know when they might anticipate receiving their money.
Facebook Settlement Payout Date
The lawsuit was brought against Facebook, the most popular social media network.
The reason for this action stemmed from data breaches and the British corporation Cambridge Analytica’s role in the 2018 scandal involving the firm that assisted Donald Trump during his 2016 presidential campaign.
About 87 million Facebook users—the majority of whom are from the United States and a few other nations—provide personal information to the company.
According to the complaint filed with the court, Meta improperly shared the user’s data, and as a result, the users were prompted to register a class-action lawsuit against Meta.
Facebook Settlement Overview
| Department | Meta (Facebook) |
| Program | Facebook Settlement Payout |
| Country | USA |
| Total Settlement Amount | $725 million |
| Expected Payment Date | Early 2025 (pending appeals) |
| Average Benefit | About $35 per eligible user |
Facebook Class Action Settlement Payout
At first, Meta refuted every accusation of data breach that Facebook was subjected to as a result of the litigation.
To avoid the risks and court trials, they eventually consented to a settlement in 2022 with particular terms and circumstances. People eagerly await the Facebook Settlement Payout Date as well as the court order.
Only citizens who were frequent Facebook users at the time will receive this payout. They can review the guidelines on the eligibility needed to obtain these rewards in their bank accounts on the official website.
Who will get this Facebook Settlement Payout
People interested in receiving the Facebook Settlement Payout Date must be eligible. The requirements that citizens must decide upon have been established by the Meta and Court.
To be eligible for this claim, users must have created a Facebook account between 2007 and 2022.
Users are eligible for benefits if they have completed the application form.
In 2023, the deadline for claiming money has passed.
To verify their residency, everyone needs to have legitimate documentation.
Facebook Settlement Payment Update
One of the largest settlement classes in US history, about 28 million people have successfully applied for the claim, and over 17 million have confirmed the most recent update.
However, the problem is that even after two years of settlement, the amount has not yet been distributed, and the Meta has not provided any clarification.
According to the most recent notification, which was published on September 19, payments cannot be received until the two appeals are settled, and no hearing date has been scheduled.
Beneficiaries are more likely to receive their payout in the first half of 2025 or later.
For the most recent information on the Facebook Settlement Payout Date, users can visit the official website.
How Much Users Will Receive in Settlement
In general, the Meta and the court will determine how much will be given as a settlement reward to the qualified users. The court’s documents indicate that $35 per user is anticipated to be the median settlement payout.
Every Facebook user throughout that period will receive a different reward.
The settlement is likely to benefit long-time Facebook users more.
Users will be awarded one point each month they have an account during the 15-year eligibility period.
To give payment, the user’s point total from the application period is computed.
These benefits can be obtained by claimants through a variety of channels, including cheques, PayPal, Venmo, Zelle, and direct deposit.
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