WASHINGTON, – TikTok and its Chinese parent company ByteDance on Friday agreed to a $400-million settlement to resolve the U.S. Justice Department's allegations the short-video app violated children's online privacy.The Justice Department sued TikTok and ByteDance in 2024 for allegedly failing to protect children's privacy, and illegally collecting their information.The defendants were accused of violating a law requiring online services aimed at children to obtain parental consent to collect personal information from users under age 13.Associate Attorney General Stanley Woodward said the Justice Department's priority "is ensuring that children are protected online and that companies entrusted with their personal information…