Facial recognition company Clearview AI reached a preliminary settlement in a class action lawsuit alleging it violated the Illinois Biometric Privacy Act, with the company agreeing to compensate victims with a stake in the company.
The unique structure of the preliminary settlement, filed Wednesday in U.S. District Court for the Northern District of Illinois, requires Clearview to pay victims a stake in a future initial public offer, liquidation, or sale. U.S. District Judge Sharon Coleman for the Northern District of Illinois approved the settlement in a preliminary order Friday.
