Facebook in Payment Spat Over $725 Million Privacy Settlement

Facebook Inc. has landed in a squabble with plaintiffs’ counsel over a missed payment deadline in its $725 million settlement of a lawsuit over information sharing with Cambridge Analytica a political consulting firm tied to the 2016 presidential campaign of Donald Trump.

Lawyers for the plaintiffs are demanding that Facebook kick in more than $319,000 in interest after the tech giant failed to place the settlement funds in an interest-bearing escrow account by the settlement’s Oct. 31 deadline.

Facebook made a payment of $721 million—the full amount less payments to the settlement administrator—Friday, but that payment didn’t address interest that ...