Meta’s Facebook agrees to settle data privacy lawsuit

(Reuters) – Meta Platforms Inc’s Fb has in-principle agreed to settle a lawsuit within the San Francisco federal courtroom in search of damages for letting third events together with Cambridge Analytica entry the personal knowledge of customers, a courtroom submitting confirmed.

The monetary phrases weren’t disclosed within the submitting on Friday that requested the choose to place the category motion on maintain for 60 days till the legal professionals for each plaintiffs and Fb finalize a written settlement.

The four-year-old lawsuit alleged that Fb violated shopper privateness legal guidelines by sharing private knowledge of customers with third events such because the now-defunct British political consultancy Cambridge Analytica.

Fb has mentioned its privateness practices are in keeping with its disclosures and “don’t help any authorized claims”.

Fb and its legal professionals from Gibson, Dunn & Crutcher didn’t instantly reply to a request for extra particulars relating to the settlement.

Of the 2 regulation corporations representing the plaintiffs, Keller Rohrback didn’t remark whereas Bleichmar Fonti & Auld declined to remark.

(Reporting by Eva Mathews and Praveen Paramasivam in Bengaluru; Enhancing by Aditya Soni)