Appeals Court Approves $9.5M Facebook Settlement

A U.S. appeals court refused to disturb Facebook Inc's $9.5 million class action settlement over allegations that the social networking company's defunct "Beacon" service violated its members' privacy rights. The 2-1 ruling came from the 9th U.S. Circuit Court of Appeals, with the one dissenting judge saying the settlement unfairly benefited Facebook and plaintiff attorneys.

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