You may get more depending on your case, but it won’t likely be an impressive sum. Those facing lower fees would still get just under $6. In the TikTok example, most users would receive less than a dollar if everyone applied. The attorneys running the suit will also take fees out of the payment, leaving you with even less. Still, many people will file, so your check might be substantially smaller than you’d expect. Not every user will claim a settlement, which leaves more money for those who do. For example, TikTok’s recent $92 million settlement had roughly 89 million eligible users. That number will be divided among every person who files a claim, which is likely a lot. Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. The overall figures for data breach class-action settlements certainly look impressive, but that’s not what you’ll receive. How Much Money Will You Get in the Settlement Payout? Since the payout size often depends on how many people file, you’ll probably have to wait until at least that date to receive your money. The notice you receive should also include a deadline to file your settlement claim. If the case is settled, it won’t be quite as long a wait but may still take time. In that scenario, you may not end up getting anything, as the court could rule against the lawsuit. If it’s an ongoing case, you can expect to wait at least a few months. You may get a check in the mail, it may be a debit card, or they may deposit money directly into your bank account. Enter that number and fill in a few personal details to verify your identity, and provide the court with a way to send you your money.Īfter the court verifies the settlement and your claim, they’ll send your payment through one of a few ways. The email will most likely give you a link to a settlement website and a claim number. In many cases, all you’ll have to do is provide some information.
If it’s settled, there should be instructions on how to receive your settlement payout. If it’s an ongoing case, you don’t have to do anything, and the email is just notifying you there could be money down the line. Sometimes, you’ll receive a notice while the data breach lawsuit is still going on. What Does the Data Breach Lawsuit Process Look Like?