{"id":880084,"date":"2024-11-23T11:39:49","date_gmt":"2024-11-23T06:09:49","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=880084"},"modified":"2024-11-23T12:35:09","modified_gmt":"2024-11-23T07:05:09","slug":"us-supreme-court-tosses-case-involving-securities-fraud-suit-against-facebook","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/23\/us-supreme-court-tosses-case-involving-securities-fraud-suit-against-facebook\/","title":{"rendered":"US Supreme Court tosses case involving securities fraud suit against Facebook"},"content":{"rendered":"<p>The US Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta\u2019s Facebook of misleading investors about the misuse of the social media platform\u2019s user data. <\/p>\n<p>The justices, who heard arguments in the case on Nov. 6, dismissed Facebook\u2019s appeal of a lower court\u2019s ruling that allowed a 2018 class action led by Amalgamated Bank to proceed. The Supreme Court opted not to resolve the underlying legal dispute, determining that the case should not have been taken up. Its action leaves the lower court\u2019s decision in place.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta\u2019s Facebook of misleading investors about the misuse of the social media platform\u2019s user data. The justices, who heard arguments in the case on Nov. 6, dismissed Facebook\u2019s appeal of a lower court\u2019s ruling that allowed a 2018 class action led by Amalgamated Bank to proceed. The Supreme Court opted not to resolve the underlying legal dispute, determining that the case should not have been taken up. Its action leaves the lower court\u2019s decision in place.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-880084","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/880084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=880084"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/880084\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=880084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=880084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=880084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}