Announcement: Facebook will pay $550 million to settle class action lawsuit over privacy violations

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2020-01-29T21:31:44-07:00

Facebook will pay over half a billion dollars to settle a class action lawsuit that alleged systematic violation of an Illinois consumer privacy law. The settlement amount is large indeed, but a small fraction of the $35 billion maximum the company could have faced. Class members — basically Illinois Facebook users from mid-2011 to mid-2015 …