Quyen Truong Addresses FTC Settlement in Historic Facebook Case
Quyen Truong, a partner in Stroock’s Financial Services Litigation, Regulation and Enforcement Group and former assistant director of the Consumer Financial Protection Bureau, spoke with Law360 regarding Facebook’s $5 billion privacy settlement with the Federal Trade Commission.
The historic settlement introduces procedures designed to hold the social media giant’s executives, including CEO Mark Zuckerberg, personally accountable for its users’ data privacy.
As Law360 noted, FTC leaders “didn’t have the appetite to go to court.”
Quyen noted the advantage of the FTC settling the case, including the potential that the FTC would face questions about its authority had it pursued further litigation.