Facebook is facing a groundbreaking $725 million privacy settlement, and the clock is ticking for individuals to make their claims. The settlement arises from a class action lawsuit filed against the social media giant, accusing it of violating Illinois’ biometric privacy law. At the heart of the lawsuit is the allegation that Facebook illegally collected and stored users’ biometric data without their consent, using its facial recognition technology.
Despite vehemently denying any wrongdoing, Facebook decided to settle the lawsuit in order to avoid a lengthy legal battle. The settlement amount of $725 million is considered one of the largest in history for a privacy-related lawsuit. The settlement aims to compensate individuals residing in Illinois who had their biometric data collected by Facebook between June 7, 2011, and August 19, 2020.
To claim a portion of the settlement amount, eligible individuals must submit their claims through a dedicated website before the approaching deadline. The final payout per claimant will depend on the number of eligible claims received. However, experts estimate that each claimant may receive around $200.
Failing to file a claim before the deadline will result in individuals forfeiting their right to receive any compensation from the settlement. Therefore, it is crucial for affected individuals to take swift action to ensure their participation in the settlement. The upcoming deadline means time is running out to make a claim and seek compensation for Facebook’s alleged privacy violations.
In conclusion, the $725 million privacy settlement presents a unique opportunity for affected individuals to hold Facebook accountable for its alleged privacy breaches. However, with the deadline fast approaching, it is imperative for individuals to act quickly and file their claims to secure their chance of receiving compensation.
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