Civil Litigation,
Corporate
Mar. 26, 2018
Facebook now facing multiple federal shareholder lawsuits
After being named in a putative class action last week, Facebook Inc. is now facing several federal shareholder lawsuits over its massive data harvesting.
After being named in a putative class action last week, Facebook Inc. is now facing three federal shareholder lawsuits over its massive data harvesting.
The new complaints, two of which are class actions, allege the social media giant breached its fiduciary duty to shareholders when it failed to disclose that third-party company Cambridge Analytica improperly mined the personal data of more than 50 million users to aid the election...
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