Judge Approves $100 Million Judgment In SEC’s Suit Over Facebook’s Data Sharing

Mealey's (August 23, 2019, 1:23 PM EDT) -- SAN FRANCISCO— Adopting and signing a proposed judgment submitted by the Securities and Exchange Commission, a California federal judge on Aug. 22 approved the commission’s $100 million civil penalty against Facebook Inc. for making misleading public statements about a known incident in which an analytics firm collected and sold the social network users’ personal data (Securities and Exchange Commission v. Facebook Inc., No. 3:19-cv-04241, N.D. Calif.)....