Meta’s Facebook has agreed in principle to settle a four-year-old lawsuit that alleges the platform inappropriately shared user data with third parties including Cambridge Analytica.
A joint stipulation (pdf) filed in San Francisco District Court Friday disclosed the preliminary settlement while giving no financial terms or details of the agreement. Lawyers for the plaintiffs and Facebook said additional time is needed to proceed with the latest developments, asking the judge to put the class action on hold for 60 days to allow both parties to “finalize a written settlement agreement and present to the Court for preliminary approval,” according to the papers….