August 14, 2026
A California judge dismissed a suit against Meta over ads on its platforms from scammers impersonating financial professionals to run pump-and-dump investment schemes, saying the theory of the case was "not entirely clear" before giving plaintiffs one more chance to amend their complaint.
August 06, 2026
A California federal judge signaled Thursday that two financial professionals are fighting an uphill battle to pursue their proposed class action alleging Meta illegally allowed scammers to impersonate them in ads to run so-called pump-and-dump investment schemes, calling Meta's arguments for tossing the suit "very compelling."
March 25, 2026
A California federal judge dismissed a proposed class action against Meta over ads on its platforms from scammers impersonating financial professionals to run pump-and-dump investment schemes, saying unlike recent cases that could "disrobe" Meta of immunity under Section 230 of the Communications Decency Act, the plaintiffs didn't allege Meta co-created the ads.