Is the Facebook class action lawsuit legitimate?

A federal judge has approved a $650m settlement of a privacy lawsuit against Facebook for allegedly using photo face-tagging and other biometric data without the permission of its users. The case eventually wound up as a class-action lawsuit in California.

Is there a class action lawsuit against Facebook 2020?

The Supreme Court cleared the way Monday for a class-action suit against Facebook by users who said the social media giant invaded their privacy and violated federal law by tracking their browsing history, then selling the information to advertisers.

What happened to the Facebook class action lawsuit?

On Friday, February 26, 2021, U.S. District Court Judge, Judge Donato approved a $650 million settlement of the privacy lawsuit against Facebook for allegedly using photo face-tagging and other biometric data without the consent of its users.

How do I join the class action lawsuit against Facebook?

To join the Facebook class action, go to http://www.rosenlegal.com/cases-1040.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

What was settlement between Facebook and class action lawsuit?

(Reuters) – Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company’s growth prior to its May 2012 initial public offering.

What is the name of the NASDAQ class action against Facebook?

This official website is maintained by the Administrator retained and supervised by Lead Counsel for the members of the Class in the Action entitled, In re Facebook, Inc. IPO Securities and Derivative Litigation, MDL No. 12-2389 (RWS) (the “Action”). This case is different from the “Consolidated Nasdaq Action” that settled in 2015.

Who was involved in the Facebook IPO settlement?

The settlement resolves claims against Facebook, officials including Chief Operating Officer Sheryl Sandberg and director Peter Thiel, and bank underwriters covering a five-day period surrounding the $16 billion IPO, from May 17 to May 21, 2012.

What are the subclasses of the Facebook IPO?

The Class consists of the following two “Subclasses”: (i) All institutional investors that purchased or otherwise acquired Facebook Class A common stock in or traceable to the Company’s IPO between May 17 and 21, 2012, inclusive, and were damaged thereby (the “Institutional Investor Subclass”); and