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US court sides with Facebook over privacy breach stock price lawsuit

Friday 27 September 2019 | 09:20 CET | News
A federal judge in San Jose, California, has dismissed a lawsuit accusing Facebook executives of deceiving investors about the likely impact of a privacy breach on its stock price, reports Reuters. US District Judge Edward Davila granted a motion to dismiss the claims after concluding that investors had failed to allege that Facebook or its executives knowingly made false statements that led to investor losses. However, investors have been given until 26 October to file an amended class action.

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Categories: Internet
Companies: Facebook
Countries: United States
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