Facebook’s parent company, Meta, is set to settle a long-running class action lawsuit in the U.S. for allowing third parties to access users’ personal data, according to court documents filed Thursday. agreed to pay $225 million.
Reuters (via Politico) reports that the document states that “Plaintiffs humbly request the Court to preliminarily approve the $725 million Non-Reversion Settlement.”
according to Documentwhich is the “largest amount ever paid by Facebook to conclude a private class action” and “the largest recovery ever secured in a data privacy class action.”
Plaintiffs allege that “all Facebook users in the United States during the class period,” beginning May 24, 2007 and ending December 22, 2022, will be included in the “class size,” or total number of people affected. Claims to fit. this lawsuit.
A San Francisco court is required to approve this statement. A hearing is set for his March next year.
In 2018, Facebook users filed a lawsuit against the company, alleging that Facebook illegally shared personal information with third parties. Including, and according to some reports, the company that helped President Trump win in 2016.
According to recent reports, Mark Zuckerberg was aware of Cambridge Analytica’s concerns long before the official investigation. Zuckerberg said Facebook staff were unaware of the data breach when they discovered it in the early 2010s, but his depositions suggest otherwise.2017 , he may have viewed Cambridge Analytica as a potential election concern. This indicates that Facebook staff had the opportunity to explain the leak to Zuckerberg before it made headlines in 2018, but chose not to do so.
But impending lawsuits forced Zuckerberg, Sandberg, and Olivan to testify once more at the upcoming hearing. Clearly this is something Meta did not want and will not happen now that compromises have been made.
Also Read: Mark Zuckerberg Knew About Cambridge Analytica Concerns Long Before Official Investigation, Report Says
