Facebook May Cop $3 Billion Bill To Compensate Aussies
Litigation funding legal firm IMF Bentham appears to be looking for a compensation payout of up to $3 billion by Facebook to Australian victims of private information harvesting by partner Cambridge Analytica (CDN yesterday).
That’s the top value being put on the deal after IMF Bentham investment manager Nathan Landis said that most awards ordered by the Office of the Australian Information Commission ranged between $1000 and $10,000.
With around 300,000 Australians believed to have had their personal details, including political views, religious beliefs, “likes” and other matters exposed by Cambridge Analytic, the basic payout at $1000 a head would come to $300 million.
At $10,000 per whack, the bill would reach $3 billion, according to a Murdoch press calculation. It wasn’t clear if Bentham would be looking to pocket a major part of each payout, or settle for a single lump sum.