Law360 (February 23, 2021, 5:53 PM EST) -- An investor hit Twitter and its CEO, Jack Dorsey, with a lawsuit Monday, telling the Delaware Chancery Court that the executive's "self-interested commitment" had contributed to Twitter's failure to comply with a Federal Trade Commission order that led to the company's being fined up to $250 million.
Investor Ellen F. Greenberg claimed the FTC's charges — claiming Twitter breached a 2011 consent decree by using data provided for security purposes to target users with advertisements — were "entirely avoidable. The lawsuit claimed Dorsey had incentive for Twitter to take a "laissez-faire attitude" towards user privacy thanks to his "significant financial interest"...
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