UK’s $3.7 billion class action against Facebook over market dominance dismissed – #UKs #billion #class #action #Facebook #market #dominance #dismissed

LONDON, 20 February (Reuters) – Monday Facebook social 3 due to allegations that the media giant is abusing its dominant position to monetize users’ private information billion to the pound (3.7 billion dollars) temporarily fought a collective lawsuit worth.

However, the London tribunal offer has given plaintiffs’ lawyers up to six months to “go again” to determine any losses claimed by users.

Facebook group’s parent company Meta Platforms Inc (META.O) about 45 million in Britain Facebook mass on behalf of the user action faced with

Legal academic Liza Lovdahl Gormsen, who led the case, says that Facebook needs to give users the value of the personal data they have to provide to use the platform. compensation not given.

Last month, its lawyers asked the Competition Appeal Court to certify the case under the UK’s collective action regime – which is roughly equivalent to a class action in the United States. court is equal to the process mode.

But the Tribunal ruled on Monday that Lovdahl Gormsen’s methodology for determining any losses suffered by Facebook users needed a “root and branch reassessment” for the case to proceed.

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Judge Marcus Smith, however, gave Lovdahl Gormsen’s lawyers six months to “submit additional evidence establishing a new and better plan for an effective trial.”

A spokesperson for Meta said the company welcomed the decision and referred to its previous statement that the lawsuit was “completely without merit.”

Representing Lovdahl Gormsen lawyers They did not immediately respond to a request for comment.

Reporting by Sam Tobin Editing by Tomasz Janowski

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2023-02-20 20:29:30
Source – reuters

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