October 04, 2017
A California federal judge dismissed a putative class action brought against Facebook Inc. by an investor who claims that the social media giant's misleading comments artificially inflated stock prices, ruling that the shareholder failed to show that the comments were intentionally misleading.
September 06, 2017
The investors suing Facebook Inc. over an allegedly deceptive video advertising metric urged a California federal court Tuesday not to toss their suit against the social media giant, pushing back on the company's claim that the error in the calculation of the metric wasn't fraud but merely a mistake.
August 16, 2017
Facebook Inc. urged a California federal judge Tuesday to throw out a shareholder suit accusing the social media giant of intentionally reporting wrong video advertising information, saying the suit was over a mistake, not securities fraud.
January 30, 2017
A Facebook Inc. shareholder slapped the social media giant with a putative class action Friday in California federal court, alleging the company made misleading statements relating to the amount of time users spend watching video ads, damaging investors when share prices fell upon the disclosure.