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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
Read About More Class Action Lawsuits & Class Action Settlements:
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- Happy New Year! Top 10 Settlement Payouts of 2021
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525 thoughts onPlaid Data Privacy $58M Class Action Settlement
Still have not received anything and emailed 4 times
Received $35.97 on 18 Nov 2022 in central FL.
I just received $35.97 paid via my Venmo account.
I’m in FL and I got $35.97 via PayPal on Nov 23 @ 10:30pm
Received My $35.97 in my bank account on November 18. Did not know what it was for until I researched it.
I have received $37.97. However, I feel like more should have came sine I have several accounts that connected through plaid and had to put fraud alerts on my report. I also saw the comments. Many people may be disappointed since this will barely pay for gas or groceries for most.
Has anyone received their check today Nov 21?
I am in Fl, and still have not received a payment. I chose the PayPal option, I emailed the claim administration with my ID number, and they responded by telling me to be patience, and that they will be sending out payments all month long. I hope this helps.
I’m in FL too and havent gotten it
yes i got mine in florida
I got my $35.97 too
I received mine, just checked today, $35.97 posted to my account.l, Oxnard, CA. Thank you
I received mine today also on my DasherDirect card $35.97 that was a nice little surprise.
No that’s bullshit. The lawyer get $14 million and we get scraps. That’s what compromising our data is worth to them. I’m not having it!
I agree it’s unjustified that they receive such a high payout and in the team of attorneys there may be 5 of them working the case that get to split the 14 million giving each attorney close to 3 million, while our security was risked and may still for ever be jeopardized.
Receiving mine today in ✔️
35.97 🤑
Ty TCA
Update November 2022
Payments for timely valid claims began distributing on November 16, 2022. If you do not receive your mailed check or you did not receive or could not retrieve your digital payment, you may contact the Administrator by email at questions@plaidsettlement.com or by phone at 1-855-645-1115 for assistance. Please be patient while the Administrator works to respond to your request.
Has anyone received a payment?
Update
Plaid, Inc. Privacy Litigation Settlement Administrator has sent you $35.97 USD.
Got 35.00 on Paypal
I got $35.97 in my paypal
Same here – I got $35.97 by Venmo just now.
That’s it ?? Seriously they made me go threw hell all I get is 35$ when wtf
Yes, I received mine on Thursday . $37.97 ACH direct to my bank account .
I just received 35.97 on chime.
Received payment on my venmo account
Hello I haven’t received my payment , are they sent in batches whom do I need to contact regarding this or should I wait ?
I just received 35.97 via pay last night
Just got mine today. They always come in batches
I received 35.97 via direct deposit
Exactly I will too. And if you notice November doesn’t have a date so they will wait til the last minute