Monday, October 3, 2022
Home TECH Meta Settles Facebook/Cambridge Analytica Class Action Lawsuit, Preventing Zuckerberg From Testing

Meta Settles Facebook/Cambridge Analytica Class Action Lawsuit, Preventing Zuckerberg From Testing

What just happened? It’s been four years since Facebook was rocked by the biggest scandal in the company’s history, Cambridge Analytica, but it’s still dealing with the fallout. The social network’s parent company, Meta, has just agreed to settle a privacy lawsuit over the case, ensuring that CEO Mark Zuckerberg, current COO Javier Oliva, and former COO Sheryl Sandberg avoid hours of cross-examination from lawyers. under oath.

Facebook endured what was arguably (it has long had) the company’s biggest public relations disaster to date when it emerged that the now-defunct British political consultancy Cambridge Analytica collected the personal data of 90 million users for targeted political ads during the UK Brexit Referendum and US Presidency 2016. Campaign.

Revelations by a whistleblower rocked Facebook in 2018, leading to Zuckerberg taking evidence before Congress and the company being fined $5 billion by the Federal Trade Commission in July 2019. Both Facebook and Cambridge Analytica claimed that they did nothing wrong.

The incident also led to a class action lawsuit filed in 2018 on behalf of Facebook users who allege the company violated consumer privacy laws by sharing private data with other companies. Zuckerberg and the other executives were due to give their statements as of September 20, but that will not happen after Meta decided to reach an agreement.

No financial terms or other details of the agreement in principle were provided in the court filing. However, it asks the judge to stay the lawsuit for 60 days until the plaintiffs’ attorneys and Meta finalize the settlement agreement in writing.

a different one lawsuit last year filed claims that Facebook overpaid the FTC by $4.9 billion as a way for Zuckerberg, Sandberg and other executives to avoid being named in the lawsuit, exposed to personal liability and sitting for depositions.

Zuckerberg also faces a lawsuit from the Washington DC attorney general. Karl A. Racine sued the head of Meta in May over allegations that Zuckerberg was personally involved in the flaws that led to the Cambridge Analytica incident and his “policies enabled a multi-year effort to mislead users about the scope of the breach.” unlawful conduct of Facebook”. The suit also claims that the scandal was because Zuckerberg wanted to open up Facebook to third-party developers and that he was aware of the risks associated with data leaks.

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