Clearview AI Agrees to Unconventional Settlement in Privacy Lawsuit
Facial recognition firm offers 23% company stake to plaintiffs, avoiding immediate cash payout.
- Settlement includes a 23% equity stake in Clearview AI for class members.
- Potential payout depends on future events like an IPO or company sale.
- Settlement could be worth up to $51.7 million, subject to court approval.
- Plaintiffs' lawyers may receive up to 39% of the settlement fund.
- Clearview AI faces ongoing legal challenges and financial instability.
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