Final hearing for $725 million Facebook class-action lawsuit payments in two days.
Eligible Facebook Users One Step Closer to Receiving Payouts from $700 Million Lawsuit
Exciting news for Facebook users! In just two days, a final approval hearing will take place, bringing them one step closer to receiving their share of the massive $700 million class-action lawsuit settlement. This is a significant development for those who had a Facebook account between May 24, 2007, and Dec. 22, 2022.
Important Dates and Details
- Claim Filing Deadline: Aug. 25
- Final Approval Hearing: Thursday at 1 p.m. PT
Don’t miss out on this opportunity to claim your portion of the nationwide $725 million privacy settlement. Act now!
Facebook’s Privacy Settlement: What You Need to Know
In December 2022, Facebook’s parent company, Meta, reached a settlement of approximately $725 million to resolve multiple privacy-related class-action lawsuits. These lawsuits alleged that Facebook allowed unauthorized access to users’ private data by third-party agencies.
According to the litigation, Cambridge Analytica, a political consulting firm, gained access to the personal data of nearly 70 million domestic Facebook users. This included sensitive information such as birthdays, private messages, and residential details.
Approval Hearing and Livestream
On Thursday, a crucial hearing will take place to determine the approval of the settlement. This hearing will also address objections, requests for awards, and attorneys’ fees. To stay informed, you can tune into the livestream of the conference by visiting the provided link.
However, it’s important to note that even if the settlement is approved, there may still be appeals, which could delay the distribution of payouts. The exact date of payout distribution remains uncertain at this time.
Settlement Amount: What to Expect
The amount each individual will receive from the settlement depends on three factors:
- Total number of claims filed
- Length of individual’s activity during the specified time period
- Total net settlement amount
Rest assured, Facebook is committed to distributing the settlement payments as soon as possible after the court grants final approval and any appeals are resolved.
For more information, you can visit the Washington Examiner.
“It is always uncertain whether appeals will be filed and, if so, how long it will take to resolve them. Settlement payments will be distributed as soon as possible if the Court grants Final Approval of the Settlement and after any appeals are resolved,” Facebook wrote on the litigation’s FAQ page.
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