Have you heard about the latest Facebook Settlement? You might be eligible for a share of a $725 million Settlement.
Meta recently decided to settle a Facebook lawsuit for 725 million dollars with the final approval hearing on September 7th, 2023.
The lawsuit addressed privacy concerns about its user data.
Continue reading to find out whether you are eligible for the Settlement, how to apply for your share, and when you will get your Settlement money.
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What Is Facebook Settlement?
Meta-owned Facebook has decided to settle for 725 million dollars to avoid the costs and risks of a trial, according to the Company.
Meta, the parent Company of Facebook, was sued in a class-action lawsuit for allegedly sharing their user data with third-party firms without user consent.
One of the third-party firms was Cambridge Analytica, a political consulting firm responsible for Donald Trump’s digital campaigning in the U.S. 2016 presidential elections.
Moreover, all Facebook users in the United States are eligible for the share between May 24, 2007, and December 22, 2022.
You can also apply for someone deceased. However, Meta directors and legal representatives are not eligible to apply.
How Much Will I Get From Facebook Settlement?
The final amount Facebook users will receive from the Settlement will be revealed after a conformational hearing on 7th September 2023.
Afterward, if the final hearing approves the Settlement, the administrator will divide the money according to a point system after the legal fees.
In this case, the lawyers can claim up to 25% of the legal fees, around $180 million.
The administrator will divide the remaining money between Facebook users, around 545 million dollars. This fund is known as the “Net Settlement Fund.”
You will receive a point for every month you have activated a Facebook account between May 24, 2007, and December 22, 2022.
Furthermore, after the deadline, the administrator will add the total points and divide the previously mentioned “Net Settlement Amount” by that number.
How To Apply For The Facebook Settlement?
You can apply for the Facebook Settlement by completing the claim form, emailing, or visiting the physical location.
Furthermore, refer to the table below for the contact details.
|Facebook User Privacy Settlement
|Submit the printed form to the mail address:
Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103
How To Apply Facebook Settlement For A Deceased Person?
Follow the steps below to file a claim for the Facebook User Privacy Settlement for a deceased person;
- Fill out the Facebook User Privacy Settlement claim form with their information and name.
- Then, you must request a name change to the beneficiary or estate of the claimant, providing a copy of the death certificate.
- Afterward, email the administrator through its secure portal, including documentation, such as death certificate and beneficiary information.
- You can log on to the Settlement administrator’s secure portal with the claim ID.
- Then, use the deceased person’s full name and register with your email and password.
Consequently, many users were questioning whether the Facebook Settlement was a scam.
According to the Reddit conversation, a Facebook user who applied for the Settlement online said the Settlement was legitimate and not a fraud.
Furthermore, Dina El-Kassaby Luce, a spokeswoman for the firm, stated that Meta pursued a Settlement in the best interest of the community and stockholders while dismissing any wrongdoing.
Frequently Asked Questions
Can I Apply For All the Accounts I Have Opened?
No, you can only claim the Settlement for one account per person. However, you can claim the money for a deceased person.
Do I Have To Pay Taxes On The Facebook Settlement?
Yes, you will have to pay a certain amount of tax for the Settlement money. However, your Facebook activity will determine the specifics.