by Max Brantley
“The settlement achieves significant business practice changes, and benefits the settlement class now … without the inherent risks of continued litigation and without requiring Class Members to release any claims they may have for monetary relief,” according to a motion for preliminary approval of the settlement entered by the plaintiffs’ attorneys Wednesday.The final settlement must be approved by a judge in the federal court for the Northern District of California.
“The Settlement was only reached after months of discovery and arm’s-length negotiations and enjoys the support of a neutral mediator who had an integral part in the settlement negotiations. Consequently, the Settlement satisfies the criteria for preliminary approval,” wrote Hank Bates, an attorney for the plaintiffs.
The proposed settlement only covers claims for declaratory, injunctive and non-monetary relief, however, meaning class members other than the plaintiffs — potentially millions of Facebook users located within the U.S. — may still be able to seek compensation of their own from Facebook, Courthouse News reported.