HOMEOWNERS who purchased a Ring security camera may be eligible to receive payments from a lawsuit.
The Federal Trade Commission and Ring reached a $5.6 million settlement agreement after the organization alleged the company failed to protect customer accounts.
two
two
The FTC has offered to send affected customers $117,044 in Paypal payments following a settlement with the Amazon-owned company, a archival readings.
Anyone who purchased Stick Up Cam and Indoor Cam models of indoor cameras before February 1, 2018 is eligible for a refund, according to a court order.
Those eligible for refunds should have already been contacted by the FTC about their refund.
The document also states that the amount owed to you by the FTC depends on the type of device you have.
Customers have 30 days to redeem their PayPal payment, according to the website.
In the initial complaint, filed a year ago in May 2023, the FTC alleged that Ring deceived its customers by failing to restrict employee and contractor access to customer videos.
In doing so, the FTC alleged that Ring allowed its employees to train algorithms without consent, which caused them to fail to implement security safeguards.
“These practices have led to egregious violations of users’ privacy,” the FTC said.
The lawsuit against Ring isn’t the only massive settlement FTV has won recently.
It was previously reported that auto insurance company Geico did not fully pay the Title Ad Valorem Tax in settlement of claims filed by policyholders.
The Ad Valorem title tends to apply to most cars purchased after March 1, 2013, and has replaced annual sales and motor vehicle taxes.
Geico was accused of not correctly calculating tax when resolving policyholder claims.
The settlement affects drivers who received insurance payments between April 29, 2014 and December 31, 2019.
During a preliminary agreement in December 2023, it was revealed that around 30,000 drivers could receive a payment, as reported by Insurance Diary.
Models affected by the lawsuit include the 2004-2008 Acura TL, 2005-08 Acura MDX and 2007-09 Acura RDX.
The payment drivers receive appears to depend on several factors, but they must list their claim identification number and the date they suffered the loss.
All claims must be submitted by the end of the month and the maximum payment is $500.
Any driver who does not file a claim against the insurance company will not receive any payment, Superior Class Shares reports.
Geico currently insures more than 28 million cars.
A final approval hearing will take place on June 6.
This story originally appeared on The-sun.com read the full story
