Dailybhaskar.com | Last Modified - May 19, 2012, 02:27 AM IST
Just as Facebook prepares to begin trading on the Nasdaq, a class action suit has been slapped on it.
21 privacy lawsuits against the world's largest social networking Website were combined into one single class-action suit as law firm Stewart Law US challenged it for violating user privacy.
Summing up all violations, Stewarts Law is asking for S 15 billion in damages — as per the U.S. Wiretap Act, which "provides statutory damages of the greater of $100 per violation per day, up to $10,000, per Facebook user," the law firm wrote in its suit, according to Bloomberg.
Back in 2009 too Facebook was struck with a civil lawsuit in California charging it with violating state's consumer privacy laws, CNET.com reported. In March this year, 13 individuals sued it for allegedly uploading their address books without permission.
Interestingly, after offering its shares for $38 Facebook stands to earn $16 billion, while Stewarts has strategically decided to sue it for $15 billion. Certainly not a coincidence. And that is not all, if reports are to be believed the firm is evaluating ways in which Facebook users from overseas could be added to the plaintiff's list.