The New York Times reports Facebook has reached a $550 million class-action settlement over violations of the Illinois Biometric Privacy Information Act. The settlement stemmed from Facebook's improper photo-labeling practices and is one of the largest privacy class-action wins to date. The deal contains no third-party payouts, meaning all funds will go to eligible Illinois users after legal fees. Jay Edelson, the plaintiff's attorney and founder of law firm Edelson, told the Daily Dashboard "it's a really clean settlement" and "it’s not one of these credit-monitoring settlements that have become all the rage." Edelson added his team is "enormously proud of the settlement," noting that "people will get hundreds of dollars apiece" because of the small class size. (Registration may be required to access this story.)
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