US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit
WASHINGTON (Reuters) - The U.S. Supreme Court is set on Wednesday to consider a bid by Meta's Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data.
Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits
The U.S. Supreme Court is set to consider bids by two tech giants - Meta's Facebook and Nvidia - to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account.
Meta, Nvidia Test Limits of Investor Fraud Claims in Supreme Court
Tech gia (Nasdaq: META) and Nvidia Corporation (Nasdaq: NVDA) are seeking to dismiss significant fraud lawsuits before the US Supreme Court. The outcome could fundamentally alter
Facebook, Nvidia push SCOTUS to limit “nuisance” investor suits after scandals
One case involves one of the largest tech scandals of all time, the Facebook-Cambridge Analytica data breach. In 2019, Facebook agreed to pay "more than $5 billion in civil penalties to settle charges by the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) that it had misled its users and investors over the privacy and security of user data on its platform,
Nvidia, Facebook Urge Supreme Court to Dismiss Investor Fraud Lawsuits
Nvidia and Facebook have petitioned the U.S. Supreme Court to dismiss securities fraud class action lawsuits against them. The tech giants argue that allowing these suits to proceed could significantly alter how
Hoodline10h
"Patek" Pleads Guilty to Securities Fraud Conspiracy, New York Prosecutors Announce Sentencing Date
Ronald Bauer pleads guilty to orchestrating a stock manipulation scheme, with sentencing set for May 20, 2025.
GlobeSt.com40m
Fannie Mae Admits Multifamily Loan Fraud Losses in SEC Filing
In the Under Risk Factors of its new filing, Fannie Mae said it had experienced financial losses due to mortgage fraud and ...
Korea Joongang Daily on MSN1h
Kakao Mobility fined $2.47 million for alleged accounting fraud
Kakao Mobility, the operator of the country's most used taxi hailing service provider, was fined for alleged accounting fraud ...
TD LAWSUIT ALERT: BFA Law Announces TD Bank has been Sued for Securities Fraud and Urges Investors to Contact the Firm by December 23 Deadline
The news caused a significant decline in the price of TD Bank stock. On October 10, 2024, the price of the company's stock fell 6.4%, from a closing price of $63.51 per share on October 9, 2024, to ...
JD Supra1d
United States Supreme Court to Hear Two Securities Cases This Term
The Supreme Court is set to hear arguments in two cases concerning the pleading standard in securities fraud class actions. The Supreme Court is set to hear arguments in November in two ...
SCOTUSblog1d
Securities disclosure over Cambridge Analytica data breach comes before court
The justices will return to securities law on Wednesday with arguments in a case arising out of the 2015 Cambridge Analytica-Facebook data breach. The tech giant’s effort to fend off federal ...
Business Wire1d
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Regeneron Pharmaceuticals, Inc. (REGN) on Behalf of Investors
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an ...
Cape Cod man sentenced in securities fraud case
A Cape Cod man has been sentenced to 10 months in prison after pleading guilty to securities fraud in June over his role in ...
Hoodline3d
San Diego Man Found Guilty in $35 Million Securities and COVID-Relief Fraud Scheme
Denny Bhakta was convicted on multiple charges, including securities fraud and money laundering, for a $35M fraud scheme.
Business Wire1d
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Unisys Corporation (UIS) on Behalf of Investors
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an ...