Try our Advanced Search for more refined results

In re: Amalgamated Bank, et al v. Facebook, Inc., et al

  1. March 04, 2024

    Meta Asks Justices To Review Investors' Data Scandal Suit

    Investors' claims over the Cambridge Analytica data abuse scandal should not be given new life, Meta Platforms told the U.S. Supreme Court on Monday, asking the justices to review the Ninth Circuit's adoption of "extreme outlier positions" that will "light a beacon" for similar actions that would be dismissed elsewhere.

  2. December 05, 2023

    Split 9th Circ. Won't Revisit Meta Investor Suit In Data Scandal

    The Ninth Circuit on Monday declined Facebook's request to rehear by three-judge or en banc panel a revival of a putative securities class action over the Cambridge Analytica data abuse scandal, with one jurist voting to grant the company's petition for rehearing en banc.

  3. October 18, 2023

    9th Circ. Revives Facebook Investor Suit Over Data Scandal

    The Ninth Circuit on Wednesday partly revived a securities class action against Facebook over the Cambridge Analytica data abuse scandal, ruling that shareholders adequately pled portions of their case despite a lower court ruling otherwise.

  4. February 08, 2023

    9th Circ. Judges Doubt Meta's 'Boilerplate' Risk Disclosures

    A Ninth Circuit judge appeared skeptical Wednesday of Meta Platforms' argument that it sufficiently disclosed the potential scope of the Cambridge Analytica data abuse scandal months before investors claim corrective disclosures caused the Facebook parent's stock to plummet, saying Meta's "boilerplate" risk disclosures were "so general" they're "just not very helpful."

  5. 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.