Sunday, July 29, 2012

Netflix $9 million settlement

I wonder how much we will actually see...probably less than $1...

A federal judge has granted preliminary approval to Netflix Inc's $9 million settlement of class-action litigation accusing the video rental company of violating consumer privacy laws.
U.S. District Judge Edward Davila in San Jose, California, said the accord reached in February "compares favorably" to recent settlements of other consumer privacy cases, including with Google Inc and Facebook Inc.
The judge also certified a nationwide class of current and former Netflix subscribers estimated in the tens of millions, according to his order issued late Thursday.
Subscribers accused Netflix of violating the federal Video Privacy Protection Act of 1988 by keeping records of DVD and Internet videos they watched for at least two years after they canceled service, and also keeping credit card information.

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