How Canadians who lived in the U.S. can cash in on share of US$725M Facebook settlement

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How Canadians who lived in the U.S. can cash in on share of US$725M Facebook settlement
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Canadian Facebook users who lived in the United States between May 2007 and December 2022 can apply to receive a portion of the US$725-million settlement reached in a class action privacy suit involving Cambridge Analytica.

to settle a Competition Bureau investigation in Canada.a bid by Canada's privacy watchdog to declare Facebook broke the law over the use of personal information stemming from the Cambridge Analytica scandal.on the settlement website says the U.S. court did not decide in favour of either the plaintiffs or the defendant, Facebook — now Meta — which denies all claims that it violated any law.

The settlement website says both sides agreed to a settlement "to avoid the costs and risks of a trial" and so eligible claimants can receive payments. "The Settlement Class Representatives and their attorneys think the Settlement is best for all Settlement Class Members," the website says.Payments will depend on how many valid claims are made and how many months an authorized claimant had an active Facebook account during the specified period.

The total amount distributed will be determined once administrative costs and court fees are considered.opt-out formOnce the deadline to submit a claim has passed, the court will hold a final approval hearing for the settlement on Sept. 7.The settlement excludes directors, officers, legal representatives, alleged co-conspirators, agents and employees of Meta or its subsidiaries.

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