SCOTUS hears Facebook bid to toss shareholder suit over Cambridge Analytica scandal
The U.S. Supreme Court on Wednesday weighed in on Meta Inc.'s Facebook's bid to quash a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading about its misuse of user data. The justices heard arguments in Facebook's appeal of a lower court's decision to allow a 2018 class action […]
Supreme Court hears Facebook's bid to block Cambridge Analytica shareholder suit
The Supreme Court on Wednesday considered Facebook's bid to block shareholder lawsuits over the Cambridge Analytica data scandal from proceeding. After the scandal became widely known in 2018, shareholders on social media accused Facebook of misleading investors by not mentioning Cambridge Analytica's misuse of user data in previous securities filings. sued the company. The tech […]
Supreme Court to consider Meta bid to end Cambridge Analytica privacy scandal lawsuit
The Supreme Court will consider Meta’s request to halt a class action lawsuit filed by investors against the company in connection with the Cambridge Analytica data privacy scandal, the court announced on Monday. The lawsuit centers on investors’ allegations that Facebook’s parent company failed to disclose how Facebook users’ personal information was being misused by […]
SCOTUS to hear Facebook’s bid to toss shareholder suit over Cambridge Analytica scandal
The U.S. Supreme Court on Monday agreed to hear a motion by Meta-owned Facebook to dismiss a private securities fraud lawsuit accusing the company of misleading investors in 2017 and 2018 about the company and third parties’ misuse of user data. The Supreme Court was hearing Facebook’s appeal of a lower court decision that allowed […]