Facebook and class action lawyers work out sweet deal for themselves. Judge isn't buying it.
Facebook and the lawyers suing them over their “Sponsored Stories” advertising platform worked out a pretty sweet deal whereby the lawyers would get a nice payout and the social networking giant would get by with paying pennies on the dollar of the revenue they generated from advertising. “And they would have gotten away with it too if it weren’t for that pesky judge and his meddling mutt.” Whether US District Judge Richard Seeborg of San Francisco has a dog or not is unknown, but what is known is that he rejected the motion to allow a proposed settlement between Facebook and the team of lawyers who…