"In re Facebook, Inc. Securities Litigation"

  1. May 24, 2022

    Investors Urge 9th Circ. To Revive Meta Stock Drop Suit

    A proposed class of Meta Platforms Inc. shareholders has urged the Ninth Circuit to revive a securities fraud suit filed against the tech giant after Facebook's stock price dipped in the wake of the Cambridge Analytica data abuse scandal.

  2. December 21, 2021

    Facebook Beats Cambridge Analytica Stock Suit For Good

    A California federal judge dismissed a putative stock fraud class action against Facebook related to the Cambridge Analytica scandal, ruling Monday that because the investors failed to fix the problems he laid out in his two previous dismissals, they aren't entitled to amend their complaint.

  3. September 26, 2019

    Facebook Escapes Cambridge Analytica Stock Suit, For Now

    A California federal judge on Thursday dismissed a stock-drop suit against Facebook related to the Cambridge Analytica scandal, but gave investors another chance to show how they were intentionally misled by the company's top brass.

  4. February 13, 2019

    Scandal, Not Market Woes, Led To Facebook Stock Drop: Suit

    Facebook Inc. and its executives can’t blame market volatility for a stock drop that stockholders say was caused by the revelation of the Cambridge Analytica Ltd. data privacy scandal, the investors argued in California federal court in a bid to keep their putative class action alive.

  5. December 17, 2018

    Facebook Says Cambridge Analytica Episode Is Old News

    Facebook Inc. has urged a California federal court to dismiss investors’ claims that the value of their stock declined following reports that it hadn’t ensured Cambridge Analytica deleted user data it harvested, saying the public had known about the data harvesting for years.

  6. August 29, 2018

    Facebook Wants Fraud Suits Moved As Firms Angle For Lead

    A New York federal judge gave two securities class action plaintiffs permission to intervene in a pair of stock-drop suits against Facebook Inc. on Wednesday, saying the plaintiffs could seek to stay the competing cases while the social network company prepares a request to centralize the whole dispute in California.

  7. August 06, 2018

    Bernstein Litowitz, Robbins Geller Tapped In Facebook Suit

    A California federal judge appointed Bernstein Litowitz Berger & Grossmann LLP and Robbins Geller Rudman & Dowd LLP as co-lead counsel in consolidated class action litigation against Facebook Inc. after its stock dropped following disclosure of its ties to the now-bankrupt political consulting firm Cambridge Analytica.

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