Facebook Settlement Payments: What You Need to Know

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Introduction

In recent news, the much-anticipated Facebook privacy settlement has reached a critical stage. After the closure of the claim filing window, we are now eagerly awaiting final approval from the court before payments can be made. This article will provide an overview of the settlement process, the upcoming hearing, and what recipients can expect in terms of payment timelines.

FAQs – When are Facebook settlement payments being sent?

When are Facebook settlement payments being sent?

The period for submitting claims in the $725 million Facebook privacy settlement has come to a close after months of accepting applications. Although the deadline lapsed a week ago, no payments have been disbursed thus far. The reason for this delay lies in the requirement for final approval by a judge before funds can be distributed. The crucial hearing for this approval is scheduled for Thursday, September 7th, at 1 p.m. in San Francisco.
Read – Where’s my Facebook settlement check? Why payments haven’t arrived – and when they might

Facebook’s $725M settlement is huge, but how much will you actually get?

Ultimately, the court will have the chance to grant its final approval, although potential obstacles may still arise. Even after approval, the possibility of appeals remains. These appeals could potentially delay payments for several months or even years. The settlement administrator acknowledges the uncertainty, stating, “It is always uncertain whether appeals will be filed and, if so, how long it will take to resolve them.” It’s essential for the legal process to conclude entirely before funds are deposited into individuals’ bank accounts. Once this legal process is complete, the administrator assures that “payments will be distributed as soon as possible.”

Who doesn’t qualify for a Facebook settlement payment?

If you have already submitted a claim, there is no requirement for you to participate in the settlement hearing, either online or in person. Your eligibility will determine your payment.
The settlement stems from a lawsuit in which Meta, formerly known as Facebook, is alleged to have permitted the sharing of users’ personal data with third parties, with the most notable being Cambridge Analytica, a consulting firm that provided support to Donald Trump’s 2016 presidential campaign. Cambridge Analytica reportedly harvested the data of potentially up to 87 million Facebook users, as reported by the Associated Press.

The Settlement Approval Process

1. Final Approval Hearing

The next crucial step in the Facebook settlement process is the final approval hearing, scheduled for Thursday, Sept. 7 at 1 p.m. in San Francisco. During this hearing, a judge will evaluate the settlement agreement’s fairness, reasonableness, and adequacy. Additionally, the court will review the proposed attorneys’ fees and other payments outlined in the settlement. This is also an opportunity for any objections to be heard.

“The court will have the opportunity to grant final approval, but there may be even more roadblocks,” warns the settlement administrator.

2. Potential Roadblocks and Appeals

While the final approval hearing is a significant milestone, it is important to note that the settlement may still face potential roadblocks. Even after approval, there is a possibility of appeals that could significantly delay payments. The settlement administrator highlights the uncertainty surrounding appeals and the potential time required to resolve them.

“It is always uncertain whether appeals will be filed and, if so, how long it will take to resolve them,” states the settlement administrator.

Eligibility and Claim Process

1. Eligibility Criteria

To be eligible for a Facebook settlement payment, individuals must have filed a claim and meet specific qualifications. The settlement was initiated to address a lawsuit alleging that Facebook allowed users’ personal data to be shared with third parties, including Cambridge Analytica, a consulting firm involved in the 2016 presidential campaign.

2. Claim Filing Deadline

The claim filing window for the Facebook privacy settlement has already closed. If you have submitted a claim, you do not need to attend the settlement hearing to be eligible for payment. However, it is essential to meet the necessary qualifications to receive a payment.

3. Payment Distribution Timeline

Once the legal process is fully concluded and the settlement receives final approval, payments will be distributed as soon as possible. However, the exact timeline for payment distribution remains uncertain due to potential appeals that may arise post-approval.

Background on the Facebook Privacy Settlement

The Facebook privacy settlement stems from a lawsuit against Meta, the parent company of Facebook. The lawsuit alleges that Meta allowed users’ personal data to be shared with third parties, most notably Cambridge Analytica, which played a role in supporting Donald Trump’s 2016 presidential campaign. The consulting firm reportedly harvested the personal data of up to 87 million Facebook users.

Despite agreeing to the settlement, Meta denies any wrong doing.

Conclusion

As we await the final approval of the Facebook privacy settlement, claimants should remain patient. The upcoming hearing will determine whether the settlement agreement is deemed fair, reasonable, and adequate. While there is the potential for appeals, once the legal process is fully wrapped up, eligible individuals can expect payment distributions to commence. Stay tuned for further updates on the Facebook settlement payments.

“Payments will be distributed as soon as possible, once the settlement is fully concluded,” assures the settlement administrator.

Remember, if you have already filed a claim and meet the necessary qualifications, you are on track to receive your Facebook settlement payment.

Thanks for reading from Storify News as a online news publishing website from India. You are free to share this story via the various social media platforms and follow us on; FacebookTwitterGoogle NewsGooglePinterest etc.

Mike Brown
Mike Brownhttps://www.storifynews.com/
Mike Brown is an News Editor at Storify News Times - Understand the Breaking News He is an India journalist lives in California, United States. He has worked at several news networks in his career. He specialises in reporting about editorial, advertising and general management topics for World News Publishing Focus, as well as contributing content to the website.

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