Facebook’s chief financial officer in a fourth-quarter earnings call Wednesday revealed the company has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.
Dave Wehner disclosed the proposed settlement figure while speaking to the company’s expenses in the fourth quarter of 2019. He noted the agreement was reached this month though “most of it” was assessed in Q4 due to a prior accrual.
