"A Look at the Facebook Privacy Class Action (Beacon) SettlementFacebook announced on Friday that it settled the class action challenging its "Beacon" advertising program. [Inside Facebook; h/t Jim McCullagh on Twitter] You can access the key docs here: [pdf] (Settlement Agreement; Motion for Preliminary Approval).
Net result? Facebook establishes a privacy foundation funded with $9.5 million (or what's left of this amount after attorneys' fees, costs, and class claims are deducted). "
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