US Supreme Court to hear Facebook bid to escape securities fraud suit
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The U.S. Supreme Court will hear a case involving Meta's Facebook, which seeks to dismiss a securities fraud lawsuit. Shareholders accuse Facebook of misleading them about user data misuse.
November 06, 2024 | 11:30 am
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Meta's Facebook is involved in a Supreme Court case to dismiss a securities fraud lawsuit. Shareholders allege Facebook misled them about user data misuse.
The legal proceedings could have a negative impact on Meta's stock price due to potential reputational damage and financial liabilities if the case proceeds. The Supreme Court's decision will be closely watched by investors.
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