Meta shareholder class-action lawsuit over Cambridge Analytica revived

20/10/2023 | Reuters

The 9th US Circuit Court of Appeals has revived a class action lawsuit against Meta. Shareholders are accusing the company of concealing the misuse of Facebook users' data concerning the Cambridge Analytica scandal. The court ruled 2-1 in favour of restoring the shareholders' claim that the company falsely stated that user data "could" be compromised when it was already aware of the data breach. Shareholders sued in 2018 after reports emerged that Facebook was still allowing third parties to access user data and that the Cambridge Analytica breach had been used in connection with Donald Trump's presidential campaign. The lawsuit was dismissed in 2020 until the 9th Circuit Court ruled that Alphabet shareholders could sue over similar warnings that data privacy risks "could" occur when a breach had already happened.

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Facebook, Cambridge Analytica

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