SELECT Americans are getting checks in the mail this month as part of a multi-million-dollar settlement.
The direct payment comes as part of a class action lawsuit filed against Facebook’s parent company, Meta.
Select Facebook users are getting direct payments this month (stock image)Getty GettyThe money comes as part of a $725 million settlement (stock image)[/caption]Meta agreed to a pot of $725 million to resolve claims from plaintiffs in the case that it allowed users’ personal data to be shared with third parties through Facebook without their consent.
A notable third party that got access to the information was consulting firm Cambridge Analytica, which supported the 2016 presidential campaign for Donald Trump.
The settlement was awarded final approval in 2023, but administrators on the case had to work through 28 million claims from Facebook users, determining which were eligible for a payout and which were duplicates, fraudulent, or didn’t meet the criteria.
Lesley Weaver, co-lead counsel for the plaintiffs, said in a statement at the time that “as far as we can tell, that’s the largest number of claims ever filed in a class action in the United States.”
Along with the mountain of claims to get through, it also took some time to start getting the money sent out because of multiple appeals filed by objectors that were resolved this May.
Now, finally, the eligible claims have been approved, according to a confirmation from Angeion, the company administering the payouts.
Facebook users will see or have seen distributions starting in August.
Anegion also said the one-time payments will continue going out for a 10-week period, so those who didn’t already receive it shouldn’t worry.
It’s estimated that about 17 million of the 28 million claims in the Facebook settlement were determined to be eligible.
Given that that many Americans qualified, the payout amounts are, on average, relatively small.
While exact numbers depend on how long users had an active Facebook account, the median will be around $30.
The funds will arrive based on the method selected by applicants during the claim process in 2023.
Those methods include direct deposit to a bank account, prepaid gift card in the mail, or a PayPal payment.
There were only two crucial eligibility criteria that made a claimant eligible for a payout from the Facebook settlement.
What's a class-action settlement?
Class action lawsuits offer groups of people, or 'classes,' a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
SIMPLE CRITERIA
The first was having Facebook account at any point between May 24, 2007 to December 22, 2022.
Secondly, claimants must’ve been residents of the United States during the same time window.
There weren’t really any others, except certain stipulations that would make someone ineligible automatically.
They included being a Facebook employee or being someone involved in the suit, such as a legal representative, mediator, or court staff.
KEEP IN MIND
Americans should also remain aware of other settlements that are ongoing, as they could qualify for cash.
Snackers could get up to $360 in a $6.94 million “vending machine” settlement, for example, if they file a claim by October 17.
Capital One users could also receive a direct payment from a $425 million settlement pot.
AT&T customers must also file a claim by November 18 to get up to $5,000 in a data breach settlement.
Select healthcare patients could also get $2,000 from a $6.37 million pot, so long as they take action by October 22.
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