Facebook Settlement Payout Date, Amount Per Person, and Eligibility Criteria

Wondering what the Facebook Settlement payout date is? In this post, we will tell you when will your Facebook Settlement check arrive, how much amount is given per person, and who will be eligible for the claim. Everything about the Facebook lawsuit payment is available here.

In October 2023, the court approved the $725 million Facebook Class Action Privacy Settlement. Individuals who have submitted their claims for the settlement can expect to receive their payout from the Facebook settlement in the near future.

Keep reading to stay informed about the latest developments and to learn more about the expected timeline for the delivery of the Facebook settlement checks.

What is the Facebook Settlement Payout?

Facebook’s settlement payout is a $725 million fund to compensate users who were affected by Facebook’s practices of sharing their data with third parties without their permission. The settlement was approved by a California court in October 2023, and payments are expected to begin in early April 2024

The amount of each payout depends on the number of valid claims submitted, and how long the claimant has been a Facebook user during the eligibility period. As of August 25, 2023, 17.7 million users had submitted valid claims, which averages out to about $30 per claimant. 

The final amount each claimant receives is called the Net Settlement Fund, which is calculated by subtracting administrative costs from the settlement fund.

Facebook Settlement Payout Summary

Here is an overview of the Facebook Settlement Payout:

What is the Facebook Settlement Payout Date?

A lawsuit was initiated against Facebook, alleging that the platform shared or permitted third-party applications to access user data and that of their friends without explicit user consent. This raised concerns about the potential misuse of personal data and prompted scrutiny of Facebook’s practices.

Following the lawsuit, the Federal Court of California issued a final approval order for the Class settlement, amounting to $725 million, aimed at compensating individuals affected by Facebook’s actions.

The deadline for submitting valid claims for the settlement was August 25, 2023. Claimants who met this deadline are now awaiting their settlement payments.

Initially anticipated to occur in the early months of 2024, the Facebook Settlement Payout has yet to be disbursed by the Settlement administrator.

As per recent reports, claimants can expect to receive their settlement payments towards the end of April 2024 or in early May 2024, deposited directly into their bank accounts.

How Much Amount will be Distributed in Facebook Settlement Payout?

Meta has agreed to a $725 million settlement to cover all valid claims submitted by Class members, in addition to covering administration expenses, attorney’s fees, notice expenses, and any Service awards for the Settlement Class Representatives.

The amount individuals will receive in the forthcoming Facebook Settlement Payout hinges on various factors, including:

• The number of valid claims
• Administrative Costs
• The duration of the claimant’s Facebook usage during the eligibility period

As per the settlement administration, the distribution of the settlement amount among class members is termed the Net Settlement Fund, calculated after deducting administrative costs, attorney fees, and other expenses.

Net Settlement Fund = Settlement Fund – Other Administrative Expenses

Those who have submitted valid claims will be entitled to a share of the Net Settlement Fund and will be recognized as Authorized Claimants.

The Settlement Administrator will assign points for each month the claimant was an active Facebook user during the Class Period. These points will determine the division of the Net Settlement Amount, resulting in the net settlement amount for each point.

Reports suggest that claimants can anticipate a median payment of $30 per individual. Payments will be disbursed through the chosen means indicated on the Claim form, including PayPal, Venmo, Zelle, or via a physical check mailed to the provided address.

Who is Eligible for the Facebook Settlement Payout?

Those who submitted a valid claim for the Class Action Facebook User Privacy Settlement by the deadline of August 25, 2023, are eligible for the forthcoming payout.

United States Facebook users who experienced user privacy breaches on the app between May 24, 2007, and December 22, 2022, qualify for the claim and are considered class members of the settlement.

It’s important to note that users who did not take action to claim the settlement will not receive payment nor have any legal right to sue Facebook.

Can you still Claim the Facebook Settlement Payout?

Unfortunately, the deadline for submitting claims for the Facebook Settlement Payout has passed. Claimants were required to submit their valid claims by August 25, 2023, in order to be eligible for the settlement payout. Those who met this deadline and submitted valid claims are considered eligible for the payout.

If you missed the deadline to submit a claim, you may no longer be able to claim a portion of the settlement fund. It’s important to adhere to deadlines for submitting claims in legal settlements, as missing the deadline typically means forfeiting any potential compensation.

How to Track the Status of Your Facebook Settlement Payout?

The rejection letters for invalid claims were dispatched by the Settlement administrator in November 2023. Reports indicate that approximately 17 million claims have been deemed valid for the Settlement. 

To check the status of their claim settlement, claimants can follow these steps: 

• Firstly, visit the Facebook user privacy settlement website. 
• Then, select the “Submit a Claim” option displayed on the homepage. 
• Afterward, input your claim ID and confirmation code to view the status of your claim. 

For those whose claims were rejected, there is an option to appeal the decision regarding the Facebook user privacy settlement payout. Additionally, claimants can reach out to the administrator via email, mail, or the toll-free number provided below:

• Email: [email protected]
• Toll-Free number: 1-855-556-2233
• Mailing Address: Facebook Consumer Privacy User Profile Litigation, Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103

Claimants anticipating the Facebook User Privacy settlement payout of $725 million can expect to receive it in the final week of April or early May 2024.

Final Words

In conclusion, the Facebook settlement payout marks a significant milestone in the ongoing saga of user privacy breaches on the platform. With the approval of the $725 million settlement, claimants who have submitted valid claims can anticipate receiving their compensation soon.

While the process may have been lengthy and complex, it represents a step towards accountability and restitution for those affected by privacy violations. As we await the distribution of the settlement funds, it’s essential for claimants to stay informed about the latest updates and to reach out to the administrator if they have any questions or concerns about their claims.

Ultimately, the settlement serves as a reminder of the importance of safeguarding user privacy and holding corporations accountable for their actions.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as legal advice. The status of individual claims and the timeline for the Facebook settlement payout may vary, and claimants are encouraged to consult with legal professionals for personalized guidance.