AMERICANS have just days to apply for a share of a $6.75 million settlement that LinkedIn has agreed to pay out.
The social media giant has been accused of mismanaging its 401 (k) retirement plan.
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LinkedIn bosses have not admitted any wrongdoing, but the company is accused of allowing users to be charged unreasonable expenses, according to Top Class Actions.
Users reportedly then lost value in their investments.
There is a strict eligibility criteria that Americans must match if they want to file a claim.
The users who filed the lawsuit believe LinkedIn could’ve saved them millions.
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They must have used the LinkedIn 401 (k) Profit Sharing Plan between August 14 2014 and July 1, 2020.
Current members of the program don’t need to take any action.
But, Americans who formerly took part in the program are required to file a claim by November 10.
It’s not known how much each claimant will receive as part of the settlement.
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A final hearing which will determine the sum is being held on November 16.
Claimants with active accounts will see the money added to their investment account.
But those who do not take part in the program anymore could receive a check.
Americans have been warned that they should not file a claim if they don’t qualify for the settlement.
It is too late for Americans to object to the settlement as that deadline was October 17.
The U.S. Sun has reported that Capital Bank has agreed to settle a lawsuit about a 2019 cyber attack and the company is shelling out $190 million to affected customers.
Americans face a race against time as the deadline to file a claim is November 27.
