They had filed a securities fraud lawsuit against Facebook for allegedly misleading them in financial filings about the risks stemming from the massive data breach by Cambridge Analytica.
The Supreme Court has rejected Meta’s appeal in a shareholder lawsuit tied to its Cambridge Analytica scandal, allowing investors to proceed with securities fraud claims.
The Supreme Court on Friday tossed Facebook’s appeal in a securities lawsuit against the social media giant, indicating the court shouldn’t have taken up the case. The unsigned, one-sentence ...