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☆ You have a month left to get your share of Facebook's $725 million settlement — here's how
▼ + stars: | 2023-07-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Facebook users have less than one month left to apply for their share of a $725 million settlement over the social network's privacy violations, part of the lengthy fallout from the Cambridge Analytica scandal that rocked the U.S. electoral process and Silicon Valley. In all, the Cambridge Analytica scandal cost Meta, Facebook's parent company, nearly $5.9 billion. Beyond the $725 million settlement, the company paid a record $5 billion settlement to the Federal Trade Commission, alongside a further $100 million to the Securities and Exchange Commission. In some ways, it's a much different company than it was during the Cambridge Analytica scandal. The $725 million settlement was not an admission of wrongdoing.

Persons: Mark Zuckerberg, Keller Rohrback, Donald Trump's, Facebookuserprivacysettlement.com, It's, We're, Zuckerberg Organizations: . House Financial, Capitol, Facebook, Cambridge, U.S, Federal Trade Commission, Securities and Exchange Commission, People, Twitter Locations: Washington, Silicon Valley, Cambridge, U.S

The lawyers said in the filing that the $725 million settlement is the largest data-privacy recovery in history and the largest private settlement Facebook has ever agreed to. Meta and an outside lawyer for the company from Gibson, Dunn & Crutcher did not immediately respond to requests for comment on the fee request on Thursday. While a 25% fee amounts to $181,250,000, the fees paid from the settlement fund would be about $180,449,782, the lawyers wrote. The company and its outside law firm, Gibson Dunn, already paid about $800,217 in sanctions, which can be deducted from the total fees, they wrote. The company did not admit wrongdoing as part of the settlement, which the judge granted preliminary approval of in March.

Persons: Keller Rohrback, Fonti, Auld, Derek Loeser, Lesley Weaver, Bleichmar Fonti, Dunn, Crutcher, Gibson Dunn, Vince Chhabria, Meta, Read, Sara Merken, Leigh Jones Organizations: San, Facebook, Meta, Gibson, U.S, Cambridge, Thomson Locations: San Francisco federal

Feb 9 (Reuters) - A U.S. judge on Thursday sanctioned Meta Platforms Inc (META.O) and its law firm, Gibson, Dunn & Crutcher for “delay, misdirection and frivolous arguments” in a data privacy lawsuit over the company’s sharing of user information with third-parties. Representatives for Gibson Dunn and Facebook did not immediately respond to requests for comment. Los Angeles-founded Gibson Dunn has represented the company in numerous matters. The court had ordered Facebook to turn over data it had collected on the plaintiffs in the case, regardless of whether it had been shared. The case is IN RE: Facebook, INC. Consumer Privacy User Profile Litigation, U.S. District Court for the Northern District of California, No.

☆ Facebook, Gibson Dunn sanction order is light on dollars, heavy on message
▼ + stars: | 2023-02-10 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

CompaniesCompanies Law firms Meta Platforms Inc FollowFeb 10 (Reuters) - To Facebook parent Meta Platforms Inc (META.O) and its lawyers at Gibson, Dunn & Crutcher, $925,000 isn't a whole lot of money. Chhabria, as you've probably heard, ordered Facebook and its lawyers to pay that sum to plaintiffs' lawyers as recompense for their bad-faith litigation tactics. "Does anyone really think that Facebook was planning on taking this case to trial?" This is, by far, the most likely explanation for Facebook and Gibson Dunn’s conduct." Facebook and its lawyers fell into their roles with ease, and then they took things way too far.”Gibson Dunn and Meta both declined to provide a statement on Chhabria’s order.

☆ Facebook parent Meta agrees to pay $725 million to settle Cambridge Analytica suit
▼ + stars: | 2022-12-23 | by ( Arjun Kharpal | Arjun Kharpal Is A News Assistant For Cnbc In London. | ) www.nbcnews.com time to read: +3 min

Facebook parent Meta has agreed to pay $725 million to settle a class action lawsuit that claimed the social media giant gave third parties access to user data without their consent. The class action lawsuit was prompted in 2018 after Facebook disclosed that the information of 87 million users was improperly shared with Cambridge Analytica, a consultancy firm linked to former President Donald Trump’s 2016 election campaign. A scandal that prompted global outrageThe Cambridge Analytica scandal prompted global outrage and a flurry of regulators worldwide to scrutinize Facebook’s data practices. Cambridge Analytica, which shut down after the allegations in 2018, was controversial because the data it harvested from Facebook was used to inform political campaigns. Since the scandal, Facebook changed its name to Meta to reflect its growing ambitions to become a leader in the metaverse, a term used to refer to virtual worlds.

☆ Facebook parent Meta agrees to pay $725 million to settle privacy lawsuit
▼ + stars: | 2022-12-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Facebook parent Meta has agreed to pay $725 million to settle a class action lawsuit that claimed the social media giant gave third parties access to user data without their consent. The class action lawsuit was prompted in 2018 after Facebook disclosed that the information of 87 million users was improperly shared with Cambridge Analytica, a consultancy firm linked to former President Donald Trump's 2016 election campaign. Plaintiffs alleged that Facebook "granted numerous third parties access to their Facebook content and information without their consent, and that Facebook failed to adequately monitor the third parties' access to, and use of, that information," according to the law firm behind the lawsuit. Judges overseeing the case in the Northern District of California will now have to approve the settlement. Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program," a Meta spokesperson told CNBC.

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