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SALINAS, ET AL. V. BLOCK, INC. AND CASH APP INVESTING, LLC

Case No. 22-cv-04823
District Court for the Northern District of California
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You may be eligible for a cash payment from a class action settlement involving
Block, Inc. and Cash App Investing, LLC but you need to act.

NOTICE OF PROPOSED CLASS ACTION SETTLEMENT

Para leer el aviso en español, haga clic aquí.

Important Dates
 * November 18, 2024Claim Deadline
 * November 1, 2024Exclusion Deadline
 * November 1, 2024Objection Deadline
 * December 16, 2024 at 9:30 AM PSTFinal Approval Hearing

This is a court-authorized Notice of a proposed settlement in a class action
lawsuit, Salinas, et al. v. Block, Inc. and Cash App Investing, LLC, Case No.
22-cv-04823, currently pending in the District Court for the Northern District
of California.  The proposed settlement would resolve a lawsuit that alleges
that Block, Inc. (“Block”) and Cash App Investing, LLC (“Cash App Investing”)
were negligent, made misrepresentations, and breached other obligations to their
users in connection with (1) a data security incident that Cash App Investing
disclosed in April 2022, (2) a data security incident that Block disclosed in
October 2023, and (3) alleged unauthorized,  and fraudulent withdrawals and
transfers of funds to or from, and complaint and error resolution processes
associated with, Cash App accounts and linked accounts.  Block and Cash App
Investing contest these claims and deny that they did anything wrong. This
Notice explains the nature of the class action lawsuit, the terms of the
settlement, and your legal rights and obligations.  

You have legal rights and options that you may act on before the Court decides
whether to approve the proposed settlement. Because your rights will be affected
by this settlement, it is extremely important that you read this Notice
carefully. To read the precise terms and conditions of the settlement, you can
access a copy of the Settlement Agreement here. You may also contact the
Settlement Administrator at 1-866-615-9740.
 

Summary of Your Legal Rights and Options in This SettlementSubmit a Claim

To be eligible to receive a Claimant Award for Settlement Benefits, including
payment for Out-of-Pocket Losses, Lost Time or Transaction Losses from this
Settlement, you must submit a timely and valid Claim Form. The Claim Form must
be submitted no later than November 18, 2024.

DEADLINE: November 18, 2024

Exclude Yourself From the Settlement

You can choose to exclude yourself from (also known as opting out of) the
Settlement and receive no payment. This option allows you to sue, continue to
sue, or be part of another lawsuit against the Defendants related to the legal
claims resolved by this Settlement. You can elect your own legal counsel at your
own expense.

DEADLINE: November 1, 2024

Object to the Settlement and/or Attend a Hearing

If you do not opt out of the Settlement, you may object to it by writing to the
Court about why you don’t like the Settlement. You may also ask the Court for
permission to speak about your objection at the Final Approval Hearing. If you
object, you may also file a claim for a Claimant Award. 

DEADLINE: November 1, 2024

Do Nothing

Unless you opt out of the Settlement, you are automatically part of the
Settlement. If you do nothing, you will not get a payment from this Settlement
and you will give up the right to sue, continue to sue, or be part of another
lawsuit against the Defendants related to the legal claims resolved by this
Settlement.

No Deadline.




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