financetom
Business
financetom
/
Business
/
US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
Jun 10, 2024 7:03 AM

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court

agreed on Monday to hear a bid by Meta's Facebook to

scuttle a private securities fraud lawsuit accusing the social

media platform of misleading investors in 2017 and 2018 about

the misuse of its user data.

The justices took up Facebook's appeal of a lower court's

decision allowing a shareholder lawsuit brought in California

and led by Amalgamated Bank ( AMAL ) to proceed. The court will

hear the case in its next term, which begins in October.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved