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Google Shareholders to Receive $350 Million in Lawsuit Settlement
A lawsuit involving the now-defunct Google+ social media site "has been settled for $350 million," reports CPO magazine, "after a lengthy appeals process played out..." "[T]he total pool after attorney and legal fees are deducted is likely to be well over $200 million." [The lawsuit] dates all th...
"[The lawsuit] dates all the way back to 2018, when Google internally discovered that the Google+ API was being abused to access the private data of about half a million of the social media service's users. Google shareholders contend that the company kept the issue under wraps due to the Cambridge Analytica scandal that Facebook was experiencing at the time, believing that they would suffer a similar negative PR blow. The lead plaintiff in the case is Rhode Island Treasurer James Diossa, who was responsible for overseeing a state pension fund that held stock in Google parent company Alphabet.
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