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US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
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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.

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