Meta’s Facebook has agreed in principle to settle a lawsuit in San Francisco federal court seeking damages for allowing third parties, including Cambridge Analytica, to access users’ private data, a court filing showed.
The financial terms were not disclosed in the filing on Friday that asked the judge to put the class action on hold for 60 days until lawyers for both the plaintiffs and Facebook finalize a written settlement.
The four-year-old lawsuit alleged that Facebook violated consumer privacy laws by sharing users’ personal data with third parties such as the now-defunct British political consultancy Cambridge Analytica.
Facebook has said its privacy practices are consistent with the disclosures and “do not support any legal claims”.
Facebook and its attorneys from Gibson, Dunn & Crutcher did not immediately respond to a request for more details regarding the settlement.
Of the two law firms representing the plaintiffs, Keller Rohrback did not comment while Bleichmar Fonti & Auld declined to comment.