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 to proceed. The court will hear the case in its ...

In tossing the appeal, the Supreme Court leaves in place a decision from the U.S. Court of Appeals for the 9th Circuit in ...

The lawsuit accused Target's board of directors of overlooking the risk of negative backlash and led the company to lose over $25 billion in market capitalization.

The U.S. Supreme Court on Friday dismissed an appeal by Facebook as the social media company attempts to shield itself from a class-action lawsuit related to the Cambridge Analytica data privacy ...

The lawsuit was brought by investors who claim they were misled by the social media giant about risks from a massive data ...

This class action lawsuit, along with a similar case ... data misuse was a violation of securities laws. Shareholders claim that Facebook depicted data misuse as a theoretical risk rather than ...

(Reuters) - A shareholders' proposed class action ... Cambridge Analytica scandal and paid $725 million to settle a lawsuit by Facebook users. (Reporting by Jody Godoy; editing by Jonathan Oatis) ...

The US Supreme Court grappled on Wednesday over a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of ...

had released several internal documents in September that sparked high-profile news stories — alarming shareholders as they watched prices plunge. According to Wednesday’s lawsuit, Facebook’s share ...