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Clearview AI agrees to pay stake in company to settle Illinois privacy lawsuit
By 
Jeff Dale2024-06-24T21:02:00
Facial recognition company Clearview AI reached a preliminary settlement in a class action lawsuit alleging it violated the Illinois Biometric Privacy Act, with the company agreeing to compensate victims with a stake in the company.
The unique structure of the preliminary settlement, filed Wednesday in U.S. District Court for the Northern District of Illinois, requires Clearview to pay victims stake in a future initial public offer, liquidation, or sale. U.S. District Judge Sharon Coleman for the Northern District of Illinois approved the settlement in a preliminary order Friday.
Attorneys for the plaintiffs estimated a $50 million payout to compensate victims, whose initial lawsuit was spurred by a 2021 New York Times story.
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