$40 Million Settlement Of Inflated Facebook Ad Metrics Preliminarily Approved

Mealey's (November 7, 2019, 8:58 AM EST) -- OAKLAND, Calif. — Two advertisers who brought fraud and unfair competition class claims against Facebook Inc. over inflated video advertising metrics saw their proposed settlement with the social network preliminarily approved Nov. 6 by a California federal judge, who deemed the $40 million settlement of the three-year old lawsuit to be “fair, reasonable, and adequate” (LLE One LLC, et al. v. Facebook Inc., No. 4:16-cv-06232, N.D. Calif.)....