Facebook Shareholders Sue Over Data Firm Tied To Trump

Law360 (March 20, 2018, 10:42 PM EDT) -- Facebook investors hit the social media behemoth with a stock-drop suit in California federal court Tuesday, alleging that it made misleading claims about its use of user data, which blew up this month when its alleged relationship to a Trump-linked data firm was made public.

Shares of Facebook’s stocks toppled more than $20 over two days earlier this week after the The New York Times and The Observer of London reported that it did not tell users that their private data was being harvested by Cambridge...
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Case Information

Case Title

Yuan v. Facebook, Inc. et al


Case Number

3:18-cv-01725

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Edward J. Davila

Date Filed

March 20, 2018

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