A US judge is
considering a modified settlement proposal offered by Facebook Inc(NASDAQ:FB) in
the class action suit over Sponsored Stories.
Facebook is trying to
settle the case that is brought by angry people that the social network has
broadcasted their Liked of particular companies as adverts without paying them
for the same or providing them with a choice to pot out.
Has FB Found The Bottom And Ready To Move Up? Find
Out Here
It was earlier this
year when Judge Richard Seeborg had rejected the first settlement that was
offered by Facebook and which could have allowed members to decide how their
personal data was used. However, it would not have eliminated its use and would
have given $10 million as legal fees and $10 million to charity.
Seeborg has stated that
the agreement was not good enough since it was not offering any money to the
users of Facebook. Presently, Facebook is offering its users in the US, who
appeared in a Sponsored Story without consent a sum up to $10 each from the same
$20 million settlement deal. The case concerns potentially 100 million users,
however, if the money did not all go to the company and the lawyers, the
remaining will be given to charity.
The company has also
said that it would make a new tool to let its members to see any Sponsored
Stories that come up on their content and will have a choice to opt out.
Seeborg is considering
the offer after a hearing last day in San Francisco court. He seemed pretty
critical regarding the revised plan and promised a ruling very soon.
Seeborg has said that
he will mull over the objections, as per the San Jose Mercury News. In case, he
gives a clean chit to a preliminary approval of Facebook’s agreement offer,
other third-party groups will be capable of opposing the offer before a final
hearing happens.
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