Law360 (April 24, 2019, 5:26 PM EDT) -- Facebook expects to be fined between $3 billion and $5 billion by the U.S. Federal Trade Commission for privacy lapses, in what would dwarf previous penalties the agency has given to technology giants, the company said Wednesday.
The company disclosed in its quarterly earnings report that it has already recorded a $3 billion loss on its balance sheet due to the FTC's ongoing probe into whether the social network violated a 2011 promise to be transparent about its privacy practices when it allowed researchers at Cambridge Analytica to hoover up the personal data of unwitting users before the 2016 presidential election....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!