Tiktok’s Chinese owner has proposed a settlement of a consumer privacy lawsuit that could expose it to hundreds of millions of dollars in claims. On the other side, the U.S. threatens to close tiktok’s U.S. business on national security grounds, so the video app is still preparing for a potential sale. < / P > < p > according to a filing in the federal court of Chicago, the byte skipping lawyer and the consumer “have reached a settlement in principle, subject to specific conditions,” to resolve the charges of infringement of consumer privacy. Lawyers say they plan to submit a final settlement proposal within 90 days. < / P > < p > but there is a problem: the settlement agreement may fail, and lawyers representing California consumers complain that they are excluded from settlement negotiations. < / P > < p > in trying to resolve these 19 class actions, the owners of tiktok were suspected by the whole west that the app posed a danger to consumers. Byte skipping has been subject to strict scrutiny by us and European regulators.