Facebook has agreed to set aside $550 million to settle a class-action lawsuit brought by users who allege the social media company violated the Illinois Biometric Information Privacy Act (BIPA), attorneys for the plaintiffs announced on Wednesday.

San Francisco Federal District Court Judge James Donato must still approve the settlement, which the lawyers claim is the largest cash settlement ever for a privacy-related lawsuit.

The alleged violation of the Illinois act relates to Facebook's collection of face prints for its face tagging feature, which leverages facial recognition software to identify Facebook users when photos of them are uploaded to the website. (That way, the user who uploaded the photo can then tag his or her recognized friends.)

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