Facebook Denies Liability in Supreme Court Harvested Voter Data Case

The social media giant argues that omitting a major user data breach from a government filing does not make it liable in a class-action lawsuit.

Facebook told the Supreme Court on Aug. 9 that it did not violate U.S. securities regulations when it failed to publicly disclose that now-defunct political consulting firm Cambridge Analytica had misused Facebook user data. The statement offers a preview of Facebook’s arguments in Facebook Inc. v. Amalgamated Bank, which the nation’s highest court is scheduled to hear on Nov. 6. The Supreme Court will look at whether the U.S. Court of Appeals for the Ninth Circuit erred last year when it allowed a multibillion-dollar lawsuit by shareholders to proceed based on allegations that Facebook inflated share prices by failing to disclose.. Read More