Facebook Outlines Beacon Settlement in Email

FacebookLogo.jpgFacebook’s Beacon social-advertising initiative is finally dead and buried: As ordered by a court, the social-networking site emailed members who used the service when it debuted in late 2007, detailing the class-action settlement that was reached in September, according to Inside Facebook.

The official Website for the settlement offers more details in the United States District Court for the Northern District of California, San Jose Division case of Lane et al. v. Facebook, Inc. et al, as well as reiterating the social-networking site’s assertion from September: “Facebook denies any and all liability for the claims alleged in this lawsuit. The court has not decided in the favor of the class or Facebook and the other defendants at this time.”

The email, posted by Inside Facebook:

Facebook is sending you this notice of a proposed class-action settlement that may affect your legal rights as a Facebook member who may have used the Beacon program. This summary notice is being sent to you by court order so that you may understand your rights and remedies before the court considers final approval of the proposed settlement Feb. 26, 2010.

This is not an advertisement or attorney solicitation.

This is not a settlement in which class members file claims to receive compensation. Under the proposed settlement, Facebook will terminate the Beacon program. In addition, Facebook will provide $9.5 million to establish an independent nonprofit foundation that will identify and fund projects and initiatives that promote the cause of online privacy, safety, and security.

For full details on the settlement and further instructions on what to do to opt out of, object to, or otherwise comment upon the proposed settlement, please go to http://www.BeaconClassSettlement.com.