- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Social media company Snap reached a $35 million settlement in principle to resolve an Illinois class-action lawsuit alleging violations of the state’s Biometric Information Privacy Act through the collection of “facial biometric identifiers” without users’ consent.
The Hellenic Data Protection Authority in Greece fined controversial facial image aggregator Clearview AI a record €20 million (U.S. $19.9 million) for unlawfully processing the biometric data of Greek citizens.
Facial recognition technology, under assault for alleged biases and misuse by law enforcement, could be facing a moment of reckoning.
The General Data Protection Regulation has been in force for nearly six years. Some industries—and some companies—have been more prone to fall foul of the rules than others.
Big Tech firms might need to rethink their plans to charge users for not selling their personal data for behavioral advertising following a decision by Europe’s primary data regulator.
The California Privacy Protection Agency warned businesses to stop asking for excessive information from consumers who have requested to opt out of having their data collected or who are otherwise exercising their privacy rights under the California Consumer Privacy Act.
