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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
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Update:
- This class action settlement is paying out $35.97 as of Nov. 18, 2022.
- Congratulations to everyone who filed a claim and got paid!
EDITOR’S NOTE: This content has been sponsored and edited for clarity in collaboration with the sponsor.
Plaid Inc. has agreed to pay $58 million to end class action lawsuit claims that it violated data privacy laws.
The settlement benefits any U.S. resident who owns or owned one or more “financial accounts” accessed by Plaid, or for which Plaid obtained their login credentials, between Jan. 1. 2013, and Nov. 19, 2021, and the Class Member was a U.S. resident at the time.
For purposes of this settlement, “financial accounts” refers to any checking, savings, loan, or other account at a financial institution that Plaid accessed using the user’s login credentials and connected to a mobile or web application enabling payments or other money transfers, or for which a user provided financial account login credentials to Plaid via Plaid Link.
Plaintiffs in the Plaid data privacy class action lawsuit alleged the company acted improperly when it obtained users’ financial account login information.
Plaid Inc. works with more than 5,500 fintech partners, according to its website, powering consumer-facing apps and other services. Some of the more popular apps that use Plaid include Chime, Venmo, and Stripe, among others.
While the exact amount of each Class Member’s payment has not yet been determined, each Class Member filing a valid claim will receive an equal proportionate share of the $58 million settlement fund after attorneys’ fees and other expenses have been deducted.
Each Class Member may file one claim.
In addition, Plaid must also delete certain data from its systems, inform Class Members of the ability to use Plaid Portal to manage connections and delete data, minimize the data the company stores, and take other measures.
A final approval hearing in the Plaid data privacy settlement will take place May 12, 2022.
The deadline for Class Members to object to or exclude themselves from the settlement is March 4, 2022.
Claim forms must be submitted no later than April 28, 2022.
Who’s Eligible
Any U.S. resident who owns or owned one or more “financial accounts” accessed by Plaid, or for which Plaid obtained their login credentials, between Jan. 1. 2013, and Nov. 19, 2021, and the Class Member was a U.S. resident at the time.
Potential Award
TBD.
Proof of Purchase
No proof of purchase required.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
04/28/2022
Case Name
In re: Plaid, Inc. Privacy Litigation, Case No. 4:20-cv-03056-DMR in the U.S. District Court for the Northern District of California
Final Hearing
05/12/2022
Settlement Website
Claims Administrator
In re: Plaid, Inc. Privacy Litigation
c/o Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
855–645–1115
Questions@PlaidSettlement.com
Class Counsel
Rachel Geman
LIEFF CABRASER HEIMANN & BERNSTEIN LLP
Shawn M. Kennedy
HERRERA KENNEDY LLP
Christopher J. Cormier
BURNS CHAREST LLP
Defense Counsel
Michael G. Rhodes
Whitty Somvichian
Kyle C. Wong
Lauren J. Pomeroy
Ellie Barczak
COOLEY LLP
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525 thoughts onPlaid Data Privacy $58M Class Action Settlement
From the Settlement Website:
Update October 2022
On July 25, 2022, the Court entered a Judgment for Final Approval of the Settlement. No appeals were filed. The “Effective Date” of the Settlement was August 25, 2022. The deadline to submit claims was April 28, 2022. Claim forms are being reviewed and payments for timely valid claims are expected to be issued in ******November 2022*****. If the Administrator needs more information regarding a claim you submitted, you will be contacted via the email address you provided on your claim form.
Ridiculous, another yet another time.
Maybe Nov 2025
Somebody’s collecting interest on this money.
I received $35.97 in paypal today! Thanks TCA :)
Who thinks we will really get paid today or tomorrow or who thinks they will find another reason to delay and get paid sometime in the future.. Let’s vote to see what you think…..
Nothing yet
They will pay next year sometime
Newest Update per Settlement Website :
Update September 2022
On July 25, 2022, the Court entered a Judgment for Final Approval of the Settlement. No appeals were filed. The “Effective Date” of the Settlement was August 25, 2022. The deadline to submit claims was April 28, 2022. Claim forms are being reviewed and payments for timely valid claims are expected to be issued ******on or before OCTOBER 31, 2022*****. If the Administrator needs more information regarding a claim you submitted, you will be contacted via the email address you provided on your claim form.
Thank you!!
Anyone received a deposit yet?
Not yet. I came here to check too😂 I’m thinking today since it’s a Friday, but if not, the 24th is only a few days away.
From what I have seen they will wait till the last second to send the money or even find a reason to extend the time.
Now a new date see above post!!! I knew it .. I just wonder will there be another delay I assume yes since it seems to be a trend.. Imagine that !!!!!!
Welp, I’ve received nothing today.
Wait I file my claim as part of this class settlement and only get 13.50 hell no
Its $31.50 plus interest from the Settlement Website
Update from Settlement Website..
Update September 2022
On July 25, 2022, the Court entered a Judgment for Final Approval of the Settlement. No appeals were
filed. The “Effective Date” of the Settlement was August 25, 2022. The deadline to submit claims was
April
28, 2022. Claim forms are being reviewed and payments for timely valid claims are expected to be issued
on or before October 24, 2022. If the Administrator needs more information regarding a claim you
submitted, you will be contacted via the email address you provided on your claim form.
They have given absolutely ZERO RESPONSE after final approval in May, I have tried contacting them with no luck. Like 8 of my accounts were involved. 4 of which also ended up in data breaches, but no one ever asked the severity of which plaid effected our finances. Who knows, but if we rely get $10 that’s absurd, our identities had been stolen!!! Hello!!!
Accoeding to the Final Order. Each Class Member will receive $31.50
I feel like we won’t get paid until 2025 and it’ll be like $1.63 each. Lol
Is this thing even legit if this happened to 98 million people then why are only named claimants getting $5000 apiece that doesn’t make sense
Hi I’m confused I was sent a letter to claim my payment is a claimant and customers the same or different
I’m right there with you. I’ll be calling the lawyers offices about this.
These class action lawsuits are just another form of money laundering because the money doesn’t amount to shit for the parties impacted.
I filed on the plaid lawsuit but have not seen or heard anything more cab someone help me out here