ONLY days remain for Americans to claim a one-time payment from a massive $9 million settlement over state violations related to telemarketing text messages.
Although the financial services company has denied any wrongdoing, a class action lawsuit alleges that the company violated several laws in Washington state.
Earlier this year, Robinhood, an investing app, agreed to a $9 million settlement to resolve the class action lawsuit.
The company was accused of violating telemarketing laws in Washington, specifically the Commercial Electronic Mail Act (CEMA) and the state’s Consumer Protection Act (CPA).
O legal complaints Robinhood violated these laws by failing to obtain explicit consent from consumers when the company sent unsolicited texts about its refer-a-friend marketing program.
Robinhood agreed to a large settlement to resolve the case.
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However, the company denied doing anything wrong.
AM I ELIGIBLE?
To be eligible for the settlement, you must have resided in Washington between August 9, 2017 and February 13, 2024.
Recipients must also have received a text message about the Robinhood referral program during the same time period.
Third, participants in the agreement must not have given clear and affirmative consent to Robinhood to receive the referral program messages.
HOW CAN I GET PAYMENT?
Eligible participants have until May 13, 2024 to claim the one-time payment.
Payment can be collected by filling out a claim form on the official Robinhood Referral Agreement website.
During the process, individuals will need to provide a claim code, if available, and the phone number from which they received the unsolicited text messages.
If individuals do not have a claim code, they must provide proof of the Washington address where they lived when the text messages were received.
HOW MUCH WILL I RECEIVE?
The exact amount each eligible settlement participant receives may vary depending on the total number of claims filed by the deadline.
However, The US Sun previously reported that the payment would likely be between $45 and $90.
What is a class action settlement?
Class action lawsuits offer groups of people, or “classes,” a way to come together in court.
These lawsuits are often filed by one or a few people who allege that a company or other entity has harmed a large group of people.
When a lawsuit becomes a class action, it extends to all “class members,” or people who may have similar claims to those who filed the lawsuit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue legal action by accepting money.
These payment agreements often include statements from the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination or false advertising are some examples of what can lead to a class action lawsuit at a company’s door.
How individuals receive payment may also vary.
When completing the claim form, eligible claimants will be able to select the exact method by which they wish to receive the money, such as paper check, Venmo or PayPal.
The final approval hearing for the agreement is scheduled for July 16, 2024.
OTHER PAYMENTS
If you’re not eligible for the Robinhood deal, there are several other deals in the works that you may qualify for to receive a direct payment.
In North Carolina, Americans have until May 6 to claim payment from a data breach settlement.
Or, thousands of people have until June 12 to file a claim over a $1 million settlement that accused a publisher of sharing subscriber information with third parties without consent.
This story originally appeared on The-sun.com read the full story
