Firm Wins Ninth Circuit Securities Class Action Appeal Against Facebook

On October 18, 2023, the Ninth Circuit ruled in favor of the firm’s clients in a securities class action appeal against Facebook arising from the Cambridge Analytica scandal. The panel revived claims that Facebook misled investors in its SEC filings, and made false public promises that users controlled their private data, when the Company knew that Cambridge Analytica had obtained the private data of 30 million Facebook users without their consent and when Facebook itself was secretly sharing private user data with “whitelisted” partners. The briefs are here and here.