Facebook Settlement 2024: Payout Date, Payment Amount and How to Check Claim Status Online?

Facebook Settlement 2024:- U.S. citizens have initiated a class action lawsuit against Meta (formerly Facebook), the leading social networking platform, over privacy concerns. The lawsuit addresses allegations of privacy breaches. As part of the settlement, Meta has agreed to pay $725 million to affected users. Although payments were expected to begin in 2024, there has been a delay. To determine your eligibility for the Facebook Settlement 2024 and to find out when payments will be distributed, refer to the details provided in the article below.

Facebook Settlement Payout Date 2024

In 2023, a class-action lawsuit settlement was reached between Facebook (now Meta) and its users over privacy concerns. The settlement, valued at $725 million, is designed to compensate U.S. users for alleged privacy violations. Although initial estimates projected payouts to start in early 2024, the timeline has become more complex. Individuals who submitted valid claims by August 25, 2023, are eligible for compensation. The payout amount will vary based on the duration of their Facebook accounts.

The payout process is now expected to commence in June 2024. Payments will be issued via PayPal, Venmo, Zelle, or paper checks. To check the status of your claim, visit the official Facebook settlement website and enter your claim ID and confirmation code.

Facebook Settlement Meta Lawsuit 2024 Details

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Facebook Settlement Payment Amount 2024

Meta, formerly known as Facebook, is a leading social networking platform that connects users across the globe. In 2023, a class action lawsuit was filed against Meta due to significant privacy concerns. U.S. residents experienced issues such as account hacks and identity theft, prompting the legal action. The lawsuit focused on Meta’s failure to protect user privacy adequately. In response to these allegations, Meta has agreed to a settlement of $725 million.

Eligible individuals who filed their claims by August 25, 2023, are set to receive this settlement. Although payments were initially expected to begin in early 2024, there has been a delay for unspecified reasons. To qualify for the payout, you must have been a Facebook user between 2007 and 2022 and have submitted a claim form by the deadline. For updates on your claim status and the expected payout date, please check the official settlement website or news portals. The following article provides detailed information on the settlement amount and payment schedule.

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Facebook Settlement Payout Timeline

The $725 million Facebook (now Meta) privacy settlement is designed to compensate U.S. users for privacy violations. Here’s a detailed look at the key dates and current status of the payouts:

• May 24, 2007 – December 22, 2022: This period defines when users must have been active on Facebook to be included in the settlement class. (Note: The deadline to submit claims was August 25, 2023.)
• August 27, 2022: A preliminary settlement agreement was reached between Facebook and the plaintiffs.
• December 23, 2022: Facebook officially agreed to the $725 million payout.
• March 2023 (Late): A federal judge gave tentative approval to the settlement.
• September 7, 2023: Objections from class members regarding the settlement terms were submitted.
• October 10, 2023: The court granted final approval of the settlement, though noted that any appeals would delay payouts.

Payout Date (Uncertain)

• Original Estimates: Payments were initially expected around February or March 2024.
• Current Status: Payouts are currently on hold due to appeals from some class members. The appeals process may significantly delay payouts, potentially pushing them to late 2025.

Reason for Delay

• The primary reason for the delay is the ongoing appeals process. The settlement cannot be distributed until all appeals are resolved.

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2024 FB Settlement Payout Eligibility Criteria

• You were a Facebook user in the United States.
• You used Facebook between May 24, 2007, and December 22, 2022.
• If you meet these criteria and submitted a claim before the deadline, your claim will be processed once the appeals are settled. Claims from those who did not use Facebook during the eligibility period or did not submit a claim are not eligible for payout.

Payout Amount:

• Total Settlement Amount: The settlement amount is fixed at $725 million.
• Individual Payout Factors: The payout amount for each eligible user will depend on:
  • The total number of valid claims.
  • The length of your Facebook usage during the eligibility period.
• Estimated Payout Range: With over 17 million claims filed, the average payout per user is estimated to be around $30. This is an estimate and may vary based on the final number of approved claims. Administrative costs will be deducted from the total settlement amount before distribution.

Current Status (June 2024):

• The payout date remains uncertain due to ongoing appeals. This could affect the final number of valid claims and the individual payout amount.

How to Submit a Claim for Facebook’s $725M Settlement

If you held a Facebook account between May 24, 2007, and December 22, 2022, you may be eligible to receive a payment as part of Meta’s $725 million settlement over the mishandling of user data. Follow these steps to submit your claim and ensure you receive the payment you’re entitled to:

• Ensure you had an active Facebook account between May 24, 2007, and December 22, 2022.
• This settlement applies to U.S. residents only, so you must confirm your residency to be eligible.
• Navigate to the official claim submission website. You can find the link on reliable news sources or official announcements from Meta.
• Make sure you’re using the correct site to avoid phishing scams.
• Personal Information: You’ll need to provide your full name, home address, and contact information.
• Facebook Account Details: Be ready to provide details that can help identify your Facebook account, such as the email address, phone number, or username associated with it.
• Complete the online form with the required personal information and Facebook account details.
• If you prefer to submit your claim by mail, download the form from the website, print it, fill it out, and send it to the specified address. Ensure it’s postmarked by August 25, 2023.
• Choose how you’d like to receive your payment. Options typically include direct deposit, PayPal, or a mailed check. Ensure that your payment details are accurate to avoid any delays.
• Double-check all the information you’ve provided to ensure there are no errors.
• Submit your form online or mail it as soon as possible. Remember, the deadline for submissions is August 25, 2023.
• After submitting your claim, save a copy of your submission confirmation or make a note of any reference numbers provided.
• This will be useful in case you need to follow up on your claim.
• Keep an eye on any communication from the settlement administrators or Meta regarding the status of your claim
• Payments are usually processed after the claims submission period ends, so be patient as the process unfolds.

By following these steps, you can ensure that your claim is submitted correctly and you’re in line to receive your share of the $725 million settlement.

How to Check Facebook Settlement Claim Status Online?

To check the status of your claim online, follow these steps:

• Visit the Official Settlement Website: Go to the official website for the Facebook Settlement 2024 https://facebookuserprivacysettlement.com/. Ensure you’re on a legitimate and secure site to avoid phishing scams.
• Log In or Create an Account: Depending on the site’s requirements, log in with your credentials or create a new account if you haven’t already.
• Navigate to the Claim Status Section: Look for a section or tab labeled “Claim Status” or similar. This area allows you to view the progress of your claim.
• Enter Your Claim Details: Input the necessary information, such as your claim ID or registration details, to access your status.
• Review Your Status: The site will display the current status of your claim, including any updates on processing or payment.

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Conclusion

The Facebook Settlement 2024 represents a significant step towards addressing privacy concerns and compensating affected users. By staying informed about the payout date, payment amount, and how to check your claim status, you can ensure that you receive your compensation in a timely manner. For the latest updates and more information, always refer to the official settlement website and avoid unofficial sources.

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Dipti

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