Facebook Sued for $15 Billion Over Alleged Privacy Infractions
As Facebook prepares to start trading on the Nasdaq, a class-action lawsuit has been brought against it.
Law firm Stewarts Law US announced today that it has combined 21 privacy lawsuits against the social network into a single, class-action suit, charging the world’s largest social network with violating user privacy by allegedly tracking their Web usage.
Stewarts Law is asking for $15 billion — a sum it arrived at by calling on the U.S. Wiretap Act, which “provides statutory damages of the greater of $100 per violation per day, up to $10,000, per Facebook user,” the law firm wrote in its suit, according to Bloomberg, which was first to report on the story.
Not going to happen. If this lawsuit gets anywhere, the settlement will not be anywhere near $15 billion.