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U.S. Supreme Court,
Securities,
Appellate Practice

Jun. 11, 2024

Supreme Court to review lawsuit over Facebook's role in Cambridge Analytica scandal

The case involves a shareholder lawsuit filed in the wake of the scandal, alleging that Facebook misled the public about the threat of improper access to data and users' control over their information.

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Meta Platforms Inc. will get another chance to duck an investor lawsuit filed in the wake of the 2019 Cambridge Analytica scandal as the U.S. Supreme Court on Monday agreed to reconsider the appellate court's ruling moving the case forward. 

"The circuits have split three ways concerning what public companies must disclose in the 'risk factors' section of their 10-K filings" with the U.S. Securities and Exchange Commission and "disagree on the proper ple...

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