- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2022-12-28T19:28:00
Meta, the parent company of Facebook, agreed to pay $725 million to settle a class-action lawsuit accusing the social media giant of selling data to third parties without users’ consent.
The proposed settlement, pending a judge’s approval, would be the largest ever of a privacy class action in the United States, according to a Dec. 23 press release from Keller Rohrback, a law firm representing the plaintiffs in the case.
The lawsuit, which was first filed in U.S. District Court for the Northern District of California in 2018, arose out of the Cambridge Analytica scandal. In July 2019, Facebook reached a groundbreaking $5 billion settlement with the Federal Trade Commission for privacy violations related to the matter, in addition to paying a $100 million fine imposed by the Securities and Exchange Commission for misleading disclosures regarding the risk of misuse of Facebook user data.
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