Investors’ Suit Alleging Facebook Lied About User Data Partially Revived

(October 26, 2023, 10:02 AM EDT) -- SAN FRANCISCO — A split panel in the Ninth Circuit U.S. Court of Appeals revived some of the claims made by investors in a suit against the former Facebook Inc. alleging that the company misled investors about privacy and data protection, finding that the investors had adequately pleaded that news about Cambridge Analytica and a practice known as “whitelisting” had contributed to two stock drops in 2018....