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How to Plot Phone Settlement

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Facebook lawsuits A settlement agreement for both cases was reached in February 2008, reportedly valued at $65 million. However, in May 2010, it was reported that Connect is accusing Facebook of securities fraud on the value of the stock that was part of the settlement and wants to get the settlement undone.
Facebook agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors' responsibility for protecting users' data while changing little about the company's lucrative advertising business.
Facebook will pay $550 million to settle class action lawsuit over privacy violations. Facebook will pay over half a billion dollars to settle a class action lawsuit that alleged systematic violation of an Illinois consumer privacy law.
In 2012, the FTC charged Facebook with eight separate privacy-related violations, including that the company made deceptive claims about consumers' ability to control the privacy of their personal data.
In 2012, Saver in had earned $2 billion from Facebook alone. According to Forbes, Saver in held 53,133,360 shares, or just under 2 percent of Facebook's outstanding shares in 2012. Saver in's share number would be even higher if he hadn't sold off more than half of the shares he won in his lawsuit against the company.
In 2004, Connect filed a lawsuit against Facebook alleging that creator Mark Zuckerberg had breached an oral contract to develop Connect and used their source code and idea to create TheFacebook.com. A settlement agreement for both cases was reached in February 2008, reportedly valued at $65 million.
For every business, lawsuits have major drawbacks including: Costs: Lawsuits can be a drain on finances, energy, time, resources, and emotions. The bottom line: Lawsuits, in all its forms, can have a negative effect on the company's bottom line. Publicized disputes can tarnish a company's reputation.
Whether a company is a defendant or a plaintiff, its stock prices will typically go up if it wins a lawsuit. This is especially true if the lawsuit is public and helps solidify the company's future in a particular part of the market. Apple's stock price went up almost immediately after the judgment was announced.
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