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.
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