US Supreme Court tosses case involving securities fraud suit against Facebook
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The U.S. Supreme Court has decided not to make a ruling on a securities fraud lawsuit against Meta's Facebook, which accuses the company of misleading investors about user data misuse.
November 22, 2024 | 3:30 pm
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The U.S. Supreme Court has not made a decision on a securities fraud lawsuit against Meta's Facebook, which accuses the company of misleading investors about user data misuse.
The Supreme Court's decision to sidestep the case leaves the legal situation unresolved, which could maintain uncertainty for investors. However, the lack of a ruling means no immediate negative impact on Meta's stock price.
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