June 20, 2012 Business, Court, Featured News
Alison Frankel writes:
There were something like 100 million potential class members in the Facebook privacy class action whose terms were announced this weekend. The $10 million Facebook agreed to pay to resolve claims that it violated users’ privacy by rebroadcasting their “likes” of certain advertisements would have meant just 10 cents per class member, not even enough to pay for the postage on a class notice.
But Facebook users won’t even see that much money. Instead, the entire $10 million will go to charity — assuming that the so-called cy pres award withstands the scrutiny of U.S. District Judge Lucy Koh, the San Jose judge overseeing the case.
Read more on Reuters.
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