US Supreme Court tosses case involving securities fraud suit against Facebook

Bianca Popa

WASHINGTON :The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta's Facebook of misleading investors about the misuse of the social media platform's user data. The justices, who heard arguments in the case on Nov. 6, dismissed Facebook's appeal of a lower court's ruling that had allowed a 2018 class action led by Amalgamated Bank to proceed. The Supreme Court opted not resolve the underlying legal

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US Supreme Court tosses case involving securities fraud suit against Facebook https://www.channelnewsasia.com/ - 22.11.2024 17:53
US Supreme Court tosses case involving securities fraud suit against Facebook https://www.channelnewsasia.com - 22.11.2024 17:22

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US Supreme Court tosses case involving securities fraud suit against Facebook https://www.channelnewsasia.com/ - 22.11.2024 17:53
US Supreme Court tosses case involving securities fraud suit against Facebook https://www.channelnewsasia.com - 22.11.2024 17:22