Facebook Escapes Investor Class Action Over Cambridge Analytica Data Breach

Mealey's (December 23, 2021, 10:27 AM EST) -- SAN JOSE, Calif. — Lead plaintiffs in a securities class action against social media networking website Facebook Inc. and three of its senior executives have once again failed to cure pleading deficiencies in alleging that the defendants violated federal securities laws by misrepresenting company’s privacy and data protection practices, a federal judge in California ruled Dec. 20 in dismissing the action with prejudice....