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Facebook Submits New Settlement Proposal for 'Sponsored Stories' Lawsuit

By Amy Miller
October 31, 2012

Lawyers for Facebook Inc. are trying again to settle a suit related to its “Sponsored Stories” advertising feature after a federal judge rejected an earlier proposal.

Lawyers for the social networking site submitted a new $20 million settlement last month that lets users apply for a cash payment of up to $10 each and drops a provision that would have set aside $10 million for plaintiffs lawyers' fees.

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