Facebook Settlement Payout Date – When and Who Will Receive It?

The Facebook Settlement Payout hearing was finalized on the 10th of October 2023. Since then, speculations have been made for the payout date and amount. As per the data given, around 17 million Facebook users have filed legitimate claims for the settlement payout. 

After the final hearing and approval from the court, $725 was the finalized amount that Facebook authorities decided to pay to the users. Though the approval has been given to the $725 amount, no payouts have been released to date. 

You can join us to navigate through the major details of the settlement payout in this article. We’ll also tell you about when and who will receive the payout amount. However, we suggest you keep yourself updated by following the official portal. This will help you stay up-to-date with all the information till the Facebook settlement compensation is released. 

Facebook Settlement Payout: Major Highlights 

Payout Date	Early June 2024
Settlement Amount	$725 million
Claim Deadline	August 25, 2023
Final Approval Date	October 10, 2023
Objection Deadline	July 26, 2023
Review Hearing Date	September 7, 2023
Distribution Date	End of May 2024 (Estimated)
Web-portal	www.facebookuserprivacysettlement.com/

Facebook $725 Settlement Important Dates

The Facebook settlement dispute has been a hot topic since 2022. People sued Facebook for their fraud and other privacy violations. The matter was in court for multiple years and the final hearing was held on October 10, 2023. Here are some major dates related to the Facebook Settlement Payout dispute:

• July 26, 2023: The deadline for users to object to the conditions of the settlement is July 26, 2023, giving them a chance to voice their concerns to the court. 
• August 25, 2023: This was the cutoff date for Facebook users to submit their claim forms to qualify for a $30 cash settlement award.
• October 10, 2023: On this day, the United States District Court for the Northern District of California formally granted the settlement’s final approval.
• September 7, 2023: On this day, a hearing was conducted to go over the provisions of the settlement, take objections into account, and decide if the court should approve it in full.
• January 2023: The settlement monies are anticipated to be distributed within ninety days following the final approval, with a potential payout starting in early January 2024.
• May-June 2024: The FB Settlement Payout 2024 was scheduled for early May but now the speculations are made that the amount will be released in June 2024. 

Facebook Settlement Payout Date 2024

Facebook was the target of multiple lawsuits from users who said the social media platform had disclosed or permitted access to their personal information and that of their friends without the consent of the users. Facebook is required to pay the settlement to those who have filed a legitimate claim following the federal judge in California’s approval.

US plaintiffs made millions of claims under the Facebook privacy settlement. As per the reports, the legitimate claimants will receive the Facebook data privacy payment. The claims will undergo verification and assessment by the settlement body before being sent to the claimants’ account.

Before Facebook’s inaction, the settlement was supposed to be finalized within 30 days of the October 10 ruling. Judge Chhbria then declared that the money would be disbursed within ninety days, meaning that the payment is expected to be made in early January 2024. We anticipate receiving the payment in May or June 2024, as the claimants have not yet received it.

Who is Eligible for FB Settlement Payout 2024?

If the claims on the settlement website are to be believed, all the Facebook users between the timeline of May 24, 2007, and December 22, 2022, are eligible to sue Facebook. Here are the major eligibility requirements for Facebook Settlement Payout 2024:

• All the FB users from the 24th of May 2007 to the 22nd of December 2022 can easily file a claim to appeal the settlement payout.
• You need to submit a legitimate claim and it must not be rejected. 
• People who have deactivated their Facebook account may claim the compensation. 
• It’s important to note that the deadline to claim for the same was August 2023, so now you can’t file any claim. 

How To Check Facebook Settlement Claim Status?

If applicants are unsure of the current status of their claims, they can use the procedure described below to find out. Even if the payment date may not occur right away, this is a big step in making sure that people are adequately reimbursed for whatever damage they may have had.

Users should regularly monitor the official settlement website and communication channels to be informed about any changes in the settlement and the status of their claims.  

• You received the Claim ID at the provided email address and mobile number while completing the online form.
• On the official Facebook website, you can use this Claim ID to view the Facebook Settlement Status 2024.
• It’s recommended that you use your smartphone to check the payment status on the www.facebookuserprivacysettlement.com portal.
• Once your claimant ID and any further requirements have been entered, click “Check status.”
• You will be paid if your application is accepted; otherwise, you will get a “Rejected” notification.   

How To Send An Appeal For Your Rejected Claim?

If you’re among the claimants who have received the message of “rejected claim”, you must opt for appealing it. In case, your appeal has also been rejected, you can follow these steps to get your appeal reviewed:

• Visit the official Facebook privacy settlement webpage at https://facebookuserprivacysettlement.com/. 
• Now click the Submit Claim tab, which is on the right side of the page.
• On the next screen, enter your claim ID and the settlement confirmation number.
• Next, click the “Submit” link to appeal your claim.  

What Will Each Claimant Receive?

As with most class action lawsuits, your payout largely depends on how many users remember to claim their share. Initially, more than 28 million Facebook claims were filed, but this number has been reduced to just over 17 million legitimate claims. There are still 1 million claims under review for duplicates or fraud before the final count is confirmed.

How long have you been active on Facebook? Users who have been on the platform longer are expected to receive larger payouts, as their data has been exposed to Facebook’s inadequate privacy controls for a longer period. 

Before any payouts are made to users, attorneys and settlement administrators will take their fees, which can often amount to 25% of the total settlement fund. According to Fortune, Facebook plaintiffs’ attorneys have requested an enormous $180 million in legal fees. 

At a September 7 court hearing, Judge Chhabria likened this request to “Nick Bosa money,” referencing the lucrative new contract of the NFL’s highest-paid defensive player. During the latest court hearing, plaintiffs’ attorneys estimated that class members would receive an average of roughly $30 each.

FAQs : Facebook Settlement Payout

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