The total payout amount of ParkMobile Settlement is $32.8 million which will be distributed among affected individuals from data breach which occurred in March 2021. To take part in this class action, submit a claim form until the deadline of 5 March 2025 with valid and accurate details.
Each class member will be eligible for a $25 settlement fund on a pro rata basis or $1 credit in the ParkMobile app which can be valid for 1 year and used towards parking transactions. The payout distribution can’t be started before final hearing so people can expect payout in 2026 if the settlement approves.
ParkMobile Settlement Payout
The ParkMobile Settlement Payout is a class action lawsuit related to the data breach which occurred in March 2021. The ParkMobile is a mobile app which allows users to digitally pay for parking and this has faced a cybersecurity incident due to the vulnerability in third-party software.
This data breach has leaked the personal information of millions of users including email addresses, phone numbers, licence plates numbers, etc. The allegations of this lawsuit includes that ParkMonile has failed to secure user’s data properly which potentially can be a reason for identity theft and fraud.
As a result, the company has agreed to pay $32.8 million among eligible class members without admitting any wrongdoing. The company has agreed to pay a settlement fund, but it can’t be confirmed before the final hearing whether people will receive this payout or not.
When class members can expect ParkMobile Settlement Payout distribution?
The payout of ParkMobile Settlement distribution is tough to predict because the final hearing is yet to be held. The final approval hearing will take place at 10:00 a.m., on March 13, 2025 to decide whether this class action is fair or not. If the settlement approves, then the payout distribution will happen after the verification and processing of claim forms.
Class members have to keep in mind that there can be an appeal phase which takes longer than expected so the payout can’t be anticipated before 2026. Sometimes, due to the mistakes, incorrect details, additional requirements, high volume of claim forms, and incomplete claim forms, settlement payout can face delays.
Who is eligible to receive a ParkMobile Settlement Payout?
The eligibility criteria of ParkMobile Settlement Payout is crucial for those who want to participate in this class action lawsuit.
- Individuals whose personal information has been compromised or at risk during data breach of 2021 are eligible for ParkMobile Settlement Payout.
- Those who have received a notice about the data breach of March 2021 from ParkMobile are also eligible to take part and benefit from this settlement class.
- Those who will submit a claim form of this settlement until the settlement deadline are eligible.
- Those who have excluded themselves from settlement class by the deadline of 3 February 2025 are not eligible for any settlement fund.
- Some exclusions of this settlement class are judges who are involved in settlement, their staff, and their families.
How much can people expect to receive through ParkMobile Settlement Payout?
The gross settlement fund will be $32.8 million from which $9 million will be used for cash settlement fund, $3 million for administrative funds, $21 million for ParkMobile app capped credit amount, and $25 million for business remedial measures. The settlement fund for each class member who elects to take the cash payment will be $25.00 on a pro rata basis.
This pro rata basis payout can be changed due to the high number of claims forms. Class members can opt for $1 credit in the ParkMobile app which can be used towards parking transactions for almost one year. This payout is intended for affected individuals who will submit timely claim forms until 5 March 2025.
How to file a claim form for ParkMobile Settlement Payout?
The step by step process to file a claim form for ParkMobile Settlement is available here. As the claim form is a mandatory requirement to get payout so affected people must have to submit it through the below given process.
- The first step is to access the claim form which can be through the official website for online submission or requested for mail process.
- The online method is easiest and secure so find option “Submit Claim” from the menu bar. The further filing steps for the mail method will also be the same after receiving or downloading the claim form.
- After that, individuals are required to put their Notice ID and Confirmation Code to access claim form.
- Once you access the claim form, fill all the required fields with accurate and valid information. Keep in mind that wrong information can result in delays later.
- Don’t forget to attach required documents(if any) and select the preferred payment method.
- Lastly, submit a claim form through the official website or by mail at ParkMobile Data Security Incident, Attn: Claim Forms, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.
