Supreme Court will take up Meta's bid to end lawsuit over Cambridge Analytica privacy scandal
Supreme Court will take up Meta's bid to end lawsuit over Cambridge Analytica privacy scandal
The Supreme Court has agreed to consider shutting down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.
The Supreme Court said Monday it will consider shutting down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.
The justices agreed to hear Meta’s appeal of a lower-court ruling that allowed the class action to go forward. Investors allege that Meta did not fully disclose the risks that Facebook users’ personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump’s successful Republican presidential campaign in 2016.
Inadequacy of the disclosures led to two significant price drops in the price of the company’s shares in 2018, after the public learned about the extent of the privacy scandal, the investors say.
Meta already has paid a $5.1 billion fine and reached a $725 million privacy settlement with users.
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Can't rely on limp dick congress to properly legislate. so we have to rely on limp dick courts to do so...
Amazing how tax cuts and state aid don't struggle so much making their way through geriatric nepo baby congress