In the interests of full disclosure, I'll tell you that my experiences with IKEA are limited to the loft-bed that my wife and I...Santa Claus gave my daughter Molly when she was five years old.

When I looked at the parts and instructions for assembling Molly's loft-bed, I did want to sue someone, but it wasn't IKEA, it was my wife and I...Santa for dumping a project of this magnitude on us on Christmas Eve.

Molly is now 25 years old, and we're hoping to finish assembling it for her by the end of the year. I'm not sure which year, but we're aiming for the end of one.

broken white chair on the floor
I'm not sure, but I think this is the loft bed. (Getty Images)

The Reason For A Class Action Lawsuit Against IKEA Isn't Because Of Challenging Assemblies For Their Products, It's Because Of Their Receipts

I know, if anyone should be sued over their receipts, it's CVS. When an entire forest has to be processed to cover a half-day of register receipts, someone should be held accountable.

Back in 2018, a woman in Washington, DC named Emma Keane found herself as the proud recipient of a CVS register receipt that was over 6 feet long:

Steve Stevens, Facebook
Steve Stevens, Facebook

IKEA's Problem Isn't That Their Register Receipts Were Too Long, It's That They Shared Too Much Information

IKEA has agreed to pay over $24 million to settle allegations that it put consumers at an increased risk of identity theft by printing credit and debit card receipts that included more than the last five digits of the card number.

The lawsuit, Richardson, et al. v. IKEA North America Services, LLC, et al., alleges IKEA North America Services, LLC and IKEA U.S. Retail, LLC violated the Fair and Accurate Credit Transactions Act, or “FACTA” with these receipts.

Getty Images
Getty Images

Here's What You Need To Know To See If You're Eligible, How To File, And What You May Receive From The IKEA Settlement explains that the settlement covers "anyone who, between October 18, 2017 and December 31, 2019, made a purchase at any IKEA retail location in the United States using a credit or debit card and was given a printed receipt that displayed the first six and last four digits of the credit or debit card number used for the transaction."

To file a claim online (which has to be completed by May 4th, 2023), click here.

As far as how much money you'll get if your claim is judged to be valid, the official settlement website says that consumers will be entitled to a share of the $24,250,000 settlement fund, which is estimated to be between $30 to $60 per individual, depending on the amount of valid claims.

Final approval is scheduled for the end of July of this year, then the payments will go out afterwards, assuming any and all appeals are settled.

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