Ohio AG Hits Facebook With Fraud Suit Tied To Whistleblower

By Dean Seal (November 15, 2021, 3:26 PM EST) -- The attorney general of Ohio said Monday he has filed a lawsuit accusing Facebook of misleading investors about the harmful effects that its products have on children and the measures it takes to stop the spread of misinformation, citing information recently gleaned from a company whistleblower.

Dave Yost's office and attorneys at Bernstein Litowitz Berger & Grossmann LLP are representing Ohio's public employee retirement fund in a California federal court case. Their class action complaint claims Facebook violated securities laws by concealing, from April 29 to Oct. 21 of this year, that it "knowingly exploited its most vulnerable users — including...

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