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Facebook fights to seal financial info in privacy payout case

Facebook (s fb) and class action lawyers will ask a court today to approve a controversial $20 million settlement over “sponsored stories,” an advertising feature in which Facebook users endorsed products. Meanwhile, a new judge in the case is suggesting that financial information about the value of Facebook users should be unsealed.

The new information comes via a court filing in which U.S. District Judge Richard Seeborg rejects a request that part of the $20 million go to the homeless, and in which he demands that the parties explain why the public should not have full access to the details of the settlement.

Originally posted on Gigaom:

Facebook (s fb) and class action lawyers will ask a court today to approve a controversial $20 million settlement over “sponsored stories,” an advertising feature in which Facebook users endorsed products. Meanwhile, a new judge in the case is suggesting that financial information about the value of Facebook users should be unsealed.

The new information comes via a court filing in which U.S. District Judge Richard Seeborg rejects a request that part of the $20 million go to the homeless, and in which he demands that the parties explain why the public should not have full access to the details of the settlement.

For those not following the case, the $20 million settlement came after users sued Facebook for invasion of privacy suit over ads that were based on users’ “Likes.” These “sponsored stories” resulted in some awkward moments, such as when Facebook user Nick Bergus’s friends saw him endorse

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