Ikea class action agreement could get you part of $24M settlement

If you shopped at an Ikea from 2017 to 2019, you may be able to claim part of a $24 million settlement.

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Nexstar reported that the retailer has come to an agreement in a class action lawsuit concerning customers’ privacy.

Ikea was accused of including more than the last five digits of a customer’s credit and debit card number on printed receipts.

Richardson, et al v. IKEA North America Services LLC, et al said that by doing so the company violated the Fair and Accurate Credit Transactions Act, also known as “FACTA,” Nexstar reported.

If you shopped with Ikea and used a debit or credit card from Oct. 18, 2017, to Dec. 31, 2019, then you may be able to cash in, according to the court-authorized website set up as part of the settlement.

The website said that affected parties were “provided an electronically printed receipt displaying the first six (6) and the last four (4) digits of the credit or debit card number used in connection with such transaction(s).”

The court must still decide to approve the settlement, but if it does then those who filed a claim will get a payment after any appeals are resolved. The deal has preliminary approval as of March 11, 2022, according to Classaction.org.

Despite agreeing to the settlement and payout, Ikea “has not conceded the truth or validity of any of the claims against it,” the website said.

To qualify for a portion of the $24 million settlement, you must fill out a claim form by May 4. By filing a claim, you give up your rights to sue Ikea in connection to the case. You can also opt-out or object to the settlement, according to the website.

Estimated payouts are expected to be between $30 and $60, Nexstar reported.