A federal judge has approved Facebook Inc.'s settlement of a lawsuit related to its Beacon service, Bloomberg reports. Yesterday, U.S. District Court Judge Richard Seeborg in San Jose ruled that the settlement, which will see Facebook establish a privacy foundation, is a better use of the funds than distributing them among the 3.7 million people represented in the class action. Some had objected to the proposed settlement, questioning the fact a charity, rather than class members, would benefit, and suggesting that because Facebook would establish the foundation, it would be "paying itself." But in yesterday's ruling, Judge Seeborg said, "there is no persuasive showing that the foundation will be a mere publicity tool for Facebook."
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