The proposed settlement was filed Friday in federal court in San Jose, California. The money will cover attorney fees and also be used to fund groups focused on Internet privacy, according to court filings.

If approved by a judge, the settlement will close a chapter on the ill-fated February launch of Google's alternative to Facebook. , often without their knowledge. Google quickly addressed the issue but was soon hit with class-action lawsuits, which were eventually consolidated into this case.

In a statement Friday, Google said it was "satisfied with the agreement" and "glad to move forward."

"We have always been committed to offering users transparency and choice in Buzz and all our products, and will continue to work together with users to provide the best user experience possible," Google said.

Coincidentally, news of the settlement broke as Google said it was going to .