HomeNewsWorldPlaintiffs lawyers in Facebook data privacy case seek $181 million in fees

Plaintiffs lawyers in Facebook data privacy case seek $181 million in fees

The long-running lawsuit was sparked by revelations in 2018 that Facebook had allowed British political consulting firm Cambridge Analytica to access data of as many as 87 million users.

June 22, 2023 / 22:55 IST
Facebook

Plaintiffs' lawyers have asked a San Francisco federal judge to award more than $181 million in legal fees as part of a $725 million data privacy settlement with Facebook parent company Meta Platforms resolving claims over sharing of user information with third parties.

Co-lead counsel at plaintiffs law firms Keller Rohrback and Bleichmar Fonti & Auld said in a motion filed late Wednesday the fees would represent 25% of the settlement fund which is "within the range awarded in comparably sized cases."

The lawyers said the $725 million settlement is the largest data-privacy recovery in history and the largest private settlement Facebook has ever agreed to. "Nothing about this unprecedented result came easily or quickly," Derek Loeser of Keller Rohrback and Lesley Weaver of Bleichmar Fonti & Auld wrote in the filing.

Class counsel worked more than 149,000 hours on the case over nearly five years of "intense litigation," they said.

The plaintiffs lawyers, Meta and an outside lawyer for the company from Gibson, Dunn & Crutcher did not immediately respond to requests for comment on the fee request on Thursday.

While a 25% fee amounts to $181,250,000, the fees paid from the settlement fund would be about $180,449,782, the lawyers wrote. The company and its outside law firm, Gibson Dunn, already paid about $800,217 in sanctions, which can be deducted from the total fees, they wrote.

U.S. District Judge Vince Chhabria in February ordered Meta and Gibson Dunn to pay about $925,000, which included fees and costs, over what he said was an effort to make the litigation unnecessarily difficult and expensive for the plaintiffs.

The long-running lawsuit was sparked by revelations in 2018 that Facebook had allowed British political consulting firm Cambridge Analytica to access data of as many as 87 million users.

The company did not admit wrongdoing as part of the settlement, which the judge granted preliminary approval of in March. A final approval hearing is scheduled for Sept. 7.

Reuters
first published: Jun 22, 2023 10:55 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347