A judge has heard from lawyers regarding a $9 million settlement that social media giant Meta has agreed to pay to settle a Quebec class action lawsuit over allegations of violating privacy by sharing information with third parties. A Meta logo is seen at the Vivatech show in Paris, June 14, 2023. THE CANADIAN PRESS/AP/Thibault Camus
FILE - The Supreme Court building is seen, June 28, 2024, in Washington. (AP Photo/Mark Schiefelbein, File)
A judge has heard from lawyers regarding a $9 million settlement that social media giant Meta has agreed to pay to settle a Quebec class action lawsuit over allegations of violating privacy by sharing information with third parties. A Meta logo is seen at the Vivatech show in Paris, June 14, 2023. THE CANADIAN PRESS/AP/Thibault Camus
FILE - The Supreme Court is seen in Washington, Nov. 2, 2024. (AP Photo/J. Scott Applewhite, File)
WASHINGTON (AP) — The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.
The justices heard arguments in November in Meta's bid to shut down the lawsuit. On Friday, they decided that they were wrong to take up the case in the first place.
The high court dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward.
Investors allege that Meta did not fully disclose the risks that by Cambridge Analytica, a firm that supported ’s first successful Republican presidential campaign in 2016.
Inadequacy of the disclosures led to two significant price drops in the price of the company’s shares in 2018, after the public learned about the extent of the privacy scandal, the investors say.
Meta spokesman Andy Stone said the company was disappointed by the court's action. “The plaintiff’s claims are baseless and we will continue to defend ourselves as this case is considered by the District Court,” Stone said in an emailed statement.
Meta already has paid a $5.1 billion fine and reached a $725 million privacy settlement with users.
Cambridge Analytica had ties to Trump political strategist . It had paid a Facebook app developer for access to the personal information of about 87 million Facebook users. That data was then used to target U.S. voters during the 2016 campaign.
The lawsuit is one of two high court cases involving class-action lawsuits against tech companies. The justices also are wrestling with whether to shut down a class action against . Investors say the company misled them about its dependence on selling computer chips for the mining of volatile cryptocurrency.
The ɫtv Press. All rights reserved.
Get the latest from ɫtvNews in your inbox. Select the emails you're interested in below.
It’s a little-known fact that Canada’s credit unions are among the country’s stron…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
