Meta, the company behind Facebook, is offering the social media platform’s users in Newfoundland and Labrador, and three other provinces, $51 million dollars to settle a class-action lawsuit which claims users’ privacy rights were violated.

The proposed settlement is seen as a major signal to social media platforms about the importance of respecting and adhering to the privacy rights of users wherever they may be.

The class action involves Facebook users during a time period ranging from January 1 of 2011 to May 30 of 2014.

Newfoundland and Labrador was one of four provinces that brought the class action forward on behalf of its residents, along with British Columbia, Saskatchewan and Manitoba.

It affects users who at any time in that period were registered with Facebook using their real name, or had a profile picture that included an identifiable self-image, or both, and whose real name, identifiable portrait or both were used by Facebook in a Sponsored Story.

Meta will pay $51 million in exchange for a full and final release by the class of all claims. Settlement approval will be sought on March 13.

If approved, the settlement fund will be shared among all eligible class members—it’s estimated that 4.3 million people may qualify for compensation. Emails have been sent to potential class members through MNP Limited which was appointed by the Supreme Court of British Columbia to administer the notice and claims administration process.