US Supreme Court hears Facebook bid to escape securities fraud case

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They claimed the company unlawfully withheld information from investors about a 2015 data breach involving British political consulting firm Cambridge Analytica that affected more than 30 million Facebook users.

Shanmugam replied, "We don't think that a reasonable person would draw that inference from a statement of this variety.

But conservative Justice Clarence Thomas pressed Kannon Shanmugam, the lawyer for Facebook, on whether the company's risk statement was misleading.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Facebook Meta United States

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 23:41:19 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 881 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23450973

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 360 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #49

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