Canadian Residents with U.S. Ties Eligible for Cash Payout in Facebook User Privacy Settlement Worth $725 Million

Recent Developments: A significant resolution has been achieved concerning Facebook User Privacy in Canada. The District Court for the Northern District of California gave final approval to the settlement on October 10. However, the disbursement of settlement payments has been postponed due to two pending appeals.

Qualification for Monetary Settlement

Canadian individuals who were Facebook users in the USA between May 24, 2007, and December 22, 2022, are entitled to receive cash payments from the $725 Million Settlement Fund.

Crucial Timelines

Facebook User Privacy Settlement Canada

Key dates and deadlines encompass the submission of a claim, opting out, taking no action, and lodging objections to the settlement. Each of these actions has a specific cutoff date, and once the deadline passes, the related tasks cannot be undertaken.

Understanding the Choices

To access the benefits of the settlement, it was necessary to file a claim by August 25th. Only approved forms are eligible for settlement benefits. Individuals who opted out will not receive any cash payments.

Background of the Agreement

The settlement emerged from lawsuits lodged against Facebook on behalf of its users, alleging unauthorized sharing of data with third parties without user consent. An agreement was struck between the plaintiffs and Facebook to avoid further legal expenses. Consequently, members of the settlement class will receive payments from the Settlement funds.

Receiving Compensation

The amount an individual receives hinges on the duration of their Facebook usage during the defined period. The net settlement fund, after subtracting Administrative Costs, Service Rewards, etc., will be utilized to disburse payments to eligible claimants.

Frequently Asked Questions

What are the significant deadlines for the settlement process?

  • Individual Notice: April 12, 2024 – May 11, 2024
  • Object to the Settlement: July 26, 2024
  • Opting Out of the Settlement: July 26, 2024
  • Submitting a Claim: August 25, 2024
  • Commencement of Distribution: 90 days after the effective date
  • Completion of Distribution: 165 days after the effective date

What choices do individuals have in the settlement?

Individuals can choose to submit a claim, opt out, object to the settlement, or take no action. Each choice has different implications for eligibility for cash payments.

What necessitated this settlement?

The settlement stemmed from accusations of unauthorized data sharing with third parties without user consent and the failure to monitor and regulate third-party access and use of that data.

Leave a Comment