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Wednesday, December 6, 2023
Courthouse News Service
Wednesday, December 6, 2023 | Back issues
Courthouse News Service Courthouse News Service

Cambridge Analytica fallout

SAN FRANCISCO — The Ninth Circuit upheld the dismissal of challenged statements regarding the risk of security breaches and of the public not perceiving Facebook’s products to be “useful, reliable, and trustworthy” in a class action securities fraud case concerning the purchase of Facebook common stock in 2017 and 2018 relating to the Cambridge Analytica scandal.

Read the ruling here.

Read related coverage here.

Categories / Appeals, Briefs, Securities, Technology

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