9th Circuit Rejects Facebook Bid For Rehearing After Revival Of Investors’ Suit

(December 6, 2023, 1:56 PM EST) -- SAN FRANCISCO — A split panel in the Ninth Circuit U.S. Court of Appeals denied a petition for panel and en banc rehearing from the former Facebook Inc. and certain of its executives after the panel revived some of the claims made by investors in a suit against the company alleging that it 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....